>So the fed paid money, which it created out of thin air // By devaluing currency, a cost to all holders. They can make virtual numbers, they can't make value.

>So the fed paid money, which it created out of thin air // By devaluing currency, a cost to all holders. They can make virtual numbers, they can't make value. There's a cost, the cost is just obscured. The way you describe it is clearly wrong, otherwise the Fed could buy everyone's debt and save the economy of the entire World. Yay, just "print money" we'll all be rich!