Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by codexon on Sunday December 13, 2009 @12:46AM
(#992465)
And, it makes absolutely no difference who gets the money straight from the printing press, aside from the value of enjoying crisp, shiny new bills. The government spends money it got from printing in exactly the same places as it spends money procured from taxes.
That is incorrect. Banks that have access to central bank money are able to borrow from the US a rock bottom interest rates, and then use it to loan to the public or invest in a business before the rest of the economy knows that there's more fiat money in the system.
That is incorrect. Banks that have access to central bank money are able to borrow from the US a rock bottom interest rates, and then use it to loan to the public or invest in a business before the rest of the economy knows that there's more fiat money in the system.