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re: Fed balance sheet - a question
Posted on 8/17/10 at 8:08 pm to LSURussian
Posted on 8/17/10 at 8:08 pm to LSURussian
quote:
The Fed does not have to sell an asset in order to pay for something. It creates "money" every time it pays for anything, including the light bill.
I thought the fed's operating expenses were paid for by the interest it received from its assets.
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