The Federal Reserve has spent over $3.2 trillion in the post-Crisis era.
The bulk of this money printing has gone towards buying garbage mortgage securities or US Treasuries from Wall Street.
Because we’ve reached a point in time at which $1 trillion no longer sounds like a lot of money, we thought we’d go through the exercise of assessing just what the Fed could have done with this money besides give it to Wall Street.
With $3.2 trillion, the Fed could have: