"In practice, the term 'printing money' is often used as shorthand for what economists call quantitative easing. Typically, major monetary-policy decisions by the Fed are made by setting a target for the federal funds rate—the interest rate at which banks lend to other banks—and then buying or selling government securities to achieve that goal."
Start the Presses?
by Jacob Leibenluft
http://www.slate.com/id/2205574/
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