The difference being that the fed can actually reliably keep that promise, since they can issue new currency and borrow at extremely low rates... Edit: https:/

The difference being that the fed can actually reliably keep that promise, since they can issue new currency and borrow at extremely low rates... Edit: https://money.stackexchange.com/questions/5400/why-is-the-fractional-reserve-banking-not-a-ponzi-scheme https://money.stackexchange.com/questions/5400/why-is-the-fr...