Quote:
Originally Posted by wig
They own government bonds like anyone else can. Like me, for instance.
In the case of the FED, the majority of interest is paid back to the Treasury.
So yes, it should at least make you think about the statement you made.
|
First off why do we have to borrow money from anyone? Why doesn't the government just print its own money interest free? Its very nice of them to give "a majority" of the money back to the treasury. Dammit who are they? I guess kennedy found out when he printed his own money cutting out the FED.