Quote:
Originally Posted by IamAlejo
Because the banks can't "borrow" money through OMO's, it's fully up to the Federal Reserve whether to purchase treasuries or sell them. OMO's also aren't loans at all.
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I didn't say they were...but they do influence the amount of money in circulation and subsequently inflation...which in turn influences the loans people need and the amount of debt we have.
You really aren't doing much to show me how a central bank is actually a good thing, nor showing me how they don't produce a ton of our national debt.