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So are you saying that if the Fed prints $x money, it gets back $x money + interest. It is using the interest to pay back the $x money... and then in theory it
by taysic 8y ago
So are you saying that if the Fed prints $x money, it gets back $x money + interest. It is using the interest to pay back the $x money... and then in theory it erases it from its balance sheet. What does it do with the excess money it collects?
- ceejayoz 8y agoThe excess goes to the Treasury. https://www.nytimes.com/2018/01/10/business/fed-profits-treasury-2017.html https://www.nytimes.com/2018/01/10/business/fed-profits-trea...