A debt that keeps on growing
Since: Mar 09
#1 Dec 29, 2009
You can't be serious. If the government printed it's own money there would be no inflation??? The financial panics of the 1800's, the economic disaster in post WWI Germany and the Latin American economic collapses of the 1980's and 90's were all the direct result of governments printing their own money. Every instance of hyper inflation around the world has been caused by governments printing money - way too much money. The Federal reserve has it's flaws but it's a far better method than letting politicians loose at the printing press.
The Federal Reserve pays for it's operating costs with interest from government loans. All remaining profits are given back to the United States Treasury.
Money creation has more to do with bank lending and reserve requirements than Federal Reserve policies.
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