Delete comment from: Captain Capitalism

Darin Johnson said...

Hey, Cappy. The Fed most certainly does still print money. All those treasury bond purchases you mentioned? You think the Fed sold it's Stratocaster to come up with the scratch for those? No, sir! They just said to the government, "You bet, we'll buy your bonds. In fact, I just credited your account with the money while we were talking." Presto - new money.

Jan 30, 2014, 3:32:44 AM

Posted to How the Federal Reserve is Jesus Christ