How Does The Fed Give Money To The Government?
Written by John Lounsbury
In a continuation of the discussion between Lee Adler and Max Keiser posted last week, the mechanics of money transfer to the government to fund new government debt through private banking’s primary dealer channels is described. It is a process that honors the letter of the law which prohibits the Fed from funding the government directly.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201601212254
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