Wednesday, January 30, 2013

Kevin Drum — It's True: The Fed Really Can Print All the Money It Wants To

"If the Fed were to record a loss, it could print its own money to cover its expenses—at no cost to the Treasury. The Fed would record a loss as a deferred asset, which would represent how much money the Fed would need to make up before it started sending profits to the Treasury again." (Wall Street Journal)
Mother Jones
It's True: The Fed Really Can Print All the Money It Wants To
Kevin Drum

2 comments:

Bob said...

The Fed doesn't give anything to the Treasury, because the treasury is nothing but a postman. The treasury delivers the debt interest payment to hell enema to the american people courtesy of Jamie Dimon, Hank Paulson, Ben Bernanke, Dick Fuld, etc etc etc incorportated.

Unknown said...

Did someone not know this?