Where do you get one trillion dollars? Fed plans to print its own

Thursday, March 19, 2009

The Fed announced its new plan to help stimulate the economy yesterday calling for roughly $1 trillion to be spent on the mortgage market and treasury securities. Maya MacGuineas is the Director of the New America Foundation’s Fiscal Policy Program and the President of the Committee for a Responsible Federal Budget, and she joins us to talk about the Fed's new plan.

"Getting more money in the economy is what we need to do. It's when things turn around, how do you actually pull it back out of the economy, and have kind of an exit strategy from this whole new, riskier than what we've seen before, financial technique."
— Maya MacGuineas, director of New America Foundation's Fiscal Policy Program, on the Fed's stimulus plan

Curious exactly how money is made? Watch this clip from How It's Made explaining the process.

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