>
> from: Warren Mosler
> to: CNBC
>
> The long end is higher than ‘equilibrium’ due to the Treasury
> issuing longer term paper.
>
> This adversely alters investment and price signals.
>
> When the Fed buys it the curve returns to where it would
> have been if the government had stayed out of it in the first
> place.
>
>
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