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FED came into existance in 1913 for the purpose of controlling the money supply by lending to banks at higher or lower interest rates. I just read from wikipedia that this interest after expenses goes to the treasury. I think this interest must be a LOT. What does the treasury do with this amount? Case...
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I would like some financial advice from some people that understand inflation and how it effects personal debt. I know that the intent of this forum is not for people just looking for financial advice, but I think that discussion in this area would be beneficial to more than just me. I am a recent college...
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It's very difficult to find an explicit description of the entire process. I think I understand the story, but I want to run this by you guys to see if you spot any errors: The Process of Monetization of the Debt (1) The US government runs a deficit and borrows money by issuing bonds that must be...
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Normal 0 false false false EN-AU X-NONE X-NONE MicrosoftInternetExplorer4 Can anyone provide a citation that supports the statement by Hans F. Semholz posted at http://mises.org/story/2414# that Friedman “calls for the issue of government money in the form of non-interest bearing obligations that...
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I'm trying to figure this out. When the FED conducts open market operations to buy treasuries, it adds to its reserves, allowing credit to be created many times larger than the value of the treasuries. This will cause inflation. My question is this: who is actually purchasing the treasuries? Do all...