Dantev2 » 19 Dec 2017 12:37 am » wrote:It's a pretty pointless exercise since a lot of those assets are US Treasuries, so basically the Treasury is getting its own money back. They might as well have the power to credit bank reserves without FOMC. The system peepee suggested was crediting every adult US citizen an equal amount whenever new money is created.
But of course that has no chance of becoming law (under current political conditions).
If the government were "getting it's own money back," we would not be 20 trillion in arrears. We would be breaking even.
If the fed were "mostly government," charles would not be as full of **** as a christmas goose.
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