Meltdown 101: How is it that the Fed can so easily throw money ...
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#1 Nov 28, 2008
It would be very helpful if the writer explained a few more details about the Federal Reserve Bank and its enormous powers. Also,the difference between money and credit should be explained so the public can begin to understand that no one just prints green backs. Instead these huge offerings are in the form of credit that is underwritten by the nations future production (GDP). In essence the GDP is the government's piggy bank. The Federal Reserve Bank offers credits to member banks at a certain rate of interest so there is a cash flow of interest payments through the Fed and presumably back into the US Treasury.
#2 Mar 26, 2014
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