Thread: Economics The "Fed"
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Old 02-23-2014, 11:55 PM   #31
KC native KC native is offline
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Join Date: Feb 2009
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Quote:
Originally Posted by petegz28 View Post
Just remember 1 thing, the Fed prints money that is backed by nothing more than the full faith and credit of the USA. In other words, the ****ing tax payers.
You have to be more accurate than that Pete. The Fed doesn't print money. The Treasury is who prints money. The Fed has dramatically expanded credit and kept interest rates low so banks could recapitalize by lending at an abnormally high spread and stimulate economic activity by expanding credit.
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