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Re: How does the Federal Reserve effect the US government's ability to finance its debt?
The US government does not really borrow US dollars from US banks to pay for its expenses. The US congress passes laws that authorize Federal Reserve Board (via Chairman Ben Bernanke) to buy some paper and then print a bunch of new interest bearing paper currency instruments in varying amounts with the...
Posted to
Newbies
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Gerald Spencer
on Mon, Feb 15 2010
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