You are correct, the Fed discounts what they lend to the members banks to this day. that is how they expand the money supply. Done properly with controls on government spending it works great.
And yes, the internet is filled with the people that thing the US Gov just prints up trillion dollar bills, so I mention it. hah!
Striking_Balls / Striking - DYOR Media
npub15j…hwgme
2023-02-28 16:26:55
in reply to nevent1q…yfgy
Author Public Key
npub15jukfker7fd72psnvaxxdjewykz5g0pjzp7fj5uscdcsw9yyse6s9hwgmePublished at
2023-02-28 16:26:55Event JSON
{
"id": "bb2a6ea6bba331f601b1e4692e4aedc3a4e37d6294bac0a58a5a13f60566235f",
"pubkey": "a4b964db23f25be50613674c66cb2e2585443c32107c995390c3710714848675",
"created_at": 1677598015,
"kind": 1,
"tags": [
[
"e",
"6e271110109e95c46b298b60499b054db2fd99c86f2eb071b1d03e5025cafe0a",
"",
"root"
],
[
"e",
"a5d037e9301cf9ed407177287fc33612030eb701c502a2c6dedc52f178838001",
"",
"reply"
],
[
"p",
"a4b964db23f25be50613674c66cb2e2585443c32107c995390c3710714848675"
],
[
"p",
"a4b964db23f25be50613674c66cb2e2585443c32107c995390c3710714848675"
],
[
"p",
"b93049a6e2547a36a7692d90e4baa809012526175546a17337454def9ab69d30"
]
],
"content": "You are correct, the Fed discounts what they lend to the members banks to this day. that is how they expand the money supply. Done properly with controls on government spending it works great. \nAnd yes, the internet is filled with the people that thing the US Gov just prints up trillion dollar bills, so I mention it. hah!\n",
"sig": "5be9f148ce674becc4b68732d71c55d787ba869ec6ca54a58867175930c6bddd1e72df321e568c045ba87bd492ee4dce923989fe1e5ca441f7cd998247dd0137"
}