Any functional difference between debt monetization and . . . .

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Lemonyellowschwin
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Any functional difference between debt monetization and . . . .

. . . . what Bernanke said Monday?

"One option is for the Fed to buy 'longer-term Treasury or agency securities on the open market in substantial quantities.'”

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajcLVDMwN5To

I ask, because when I think of debt monetization I think of the Fed buying directly from the Treasury.  But what's the difference if the Fed buys the bonds up "on the open market in substantial quantities?"  Doesn't it amount to the same thing?

 Thanks!

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