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re: Fed balance sheet - a question
Posted on 8/18/10 at 2:15 am to foshizzle
Posted on 8/18/10 at 2:15 am to foshizzle
quote:
The Fed is earning interest from mortgage securities and from Treasuries both. Liabilities are mostly currency and bank deposits.
And they pay their light bill out of the interest they earn, right? They don't just create new money, they have to get it from their earnings, right?
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