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They buy the bonds by printing money or figuratively dropping it from helicopters – expanding their balance sheets in the process, they then remit any net interest from their trillions of dollars or yen bond purchases right back to their Treasuries. The money in essence is free of expense and free of repayment as long as the process continues uninterrupted.

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Reuters 8 years ago
Bill Gross

Bill Gross

William Hunt "Bill" Gross (born April 13, 1944) is an American financial manager and author. He co-founded Pacific Investment Management (PIMCO).

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    "Bill Gross Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 21 Dec. 2024. <https://www.quotes.net/citizen-quote/195862>.

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