Fred Foldvary Wrote:
The Fed buys bond and in effect pays with a check.
Okay. To buy back bonds, it must have sold them at
some time in the past. This process of selling then
buying back bonds doesn't net to zero? Is the
multiplier larger for buying bonds than selling?
---
I don't know
Fred Foldarvy wrote:
'The sentiment seems to revolve around social
justice:
No person is worth any other, etc.'
So long as this stays within the club, what is the
harm?
Well, they're doing this to try to make the world a
better place. If they choose to design the currency
project so that the
I have found the best resource for understanding the Federal Reserve is
reading its annual reports, especially the financial statements near the
very end. Go here:
http://www.federalreserve.gov/boarddocs/rptcongress/annual02/default.htm
In my view, there's nothing like real numbers to get your
In a message dated 1/14/04 11:16:54 AM, [EMAIL PROTECTED] writes:
In my view, there's nothing like real numbers to get your brain juices
flowing. Note the $20-30 million that the Fed pays to the US Treasury
each year. Exercise for the reader: why does it make that payment?
-gil
The
Fred Foldvary Wrote:
The Fed buys bond and in effect pays with a check.
john hull [EMAIL PROTECTED] wrote:
To buy back bonds, it must have sold them at
some time in the past.
No. The Fed does not buy the bonds back. They buy bonds in the market,
just as any buyer would. If you buy bonds, that
