Printing Power: The Central Bank And The State
Tuesday, December 24th 2024, 3:36:39 am
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The Fed thereby creates money which it can use to buy the debt securities of the Treasury, or, in other words, to lend the printed money to the government.
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'It deserves recognition and replication'...
'When Washington potentially misses out on revenue from non-tax sources, it becomes even more difficult to balance the budget or slash taxes for the average family...
