No, they aren't.
The fed could dissappear tomorrow and the treasury could still issue debt.
It would merely have to be paid for by the savings of individuals, companies, funds, banks, etc..
This is 100% possible without fractional reserve banking and could still be the case on a bitcoin standard in fact.
The fed can print at will within reason, but also has to handle inflation as part of their law, so they can't in reality. They certainly could print it, and it doesn't matter. If it stays at the fed, it has zero affect on the global economy. Without the velocity and moving into private hands, it would be just a number.
The Liberty Farmer
npub1uwh…fqu7
2024-06-06 20:27:05
in reply to nevent1q…caht
Author Public Key
npub1uwh0m2y8y5489nhr27xn8vkumy8flefm30kkx3l0tcn0wss34kaszyfqu7Published at
2024-06-06 20:27:05Event JSON
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"content": "No, they aren't. \n\nThe fed could dissappear tomorrow and the treasury could still issue debt.\n\nIt would merely have to be paid for by the savings of individuals, companies, funds, banks, etc.. \n\nThis is 100% possible without fractional reserve banking and could still be the case on a bitcoin standard in fact.\n\nThe fed can print at will within reason, but also has to handle inflation as part of their law, so they can't in reality. They certainly could print it, and it doesn't matter. If it stays at the fed, it has zero affect on the global economy. Without the velocity and moving into private hands, it would be just a number. ",
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