George Selgin challenges Federal Reserve QE approach raises risk of backdoor funding

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25.02.2026

George Selgin challenges Federal Reserve QE approach raises risk of backdoor funding — Selgin flags Federal Reserve QE risks

George Selgin scrutinizes the actions of the Federal Reserve, highlighting concerns about quantitative easing (QE) as a potential vehicle for backdoor funding that bypasses the established appropriations process.

Selgin states that the discussion is not about the Federal Reserve merely acting as an intermediary between banks and the U.S. Treasury, but about the more subtle risks inherent in current policy approaches. He encourages further reading for a deeper understanding of these arguments.

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