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I have never totally understood exactly how the Fed benefits from its position as the central bank. My understanding is that basically the Fed creates and loans money to institutions, and ultimately the Fed gets the money paid back plus interest. Is that the basic motive for the Fed, i.e. the fact that they earn profits on loans? If that is the case
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I saw a newspaper headline this afternoon that said something to the effect of: Fed lowering interest rates to combat inflation. I didn't get a chance to read it but I was thinking about it and thought that it sounded funny. When the Fed lowers interest rates, isn't that inflation? It seems that lower interest rates give incentive to banks to
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http://www.chron.com/disp/story.mpl/front/5356348.html I saw this article and it made my blood boil. The tax is, "...expected to raise about $40 million to be dispersed for sexual assault prevention programs and health care for the uninsured." The fact that the government can swoop in and say, "Oh, by the way, we are charging everyone