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Which political branches are bailed out by the central banks, and how?
by Ma8ee 4y ago
Which political branches are bailed out by the central banks, and how?
- coryrc 4y agoThe US Fed "owns" 8 and a half Trillion dollars of US debt, money that was spent by Congress (voters like that) without raising taxes (voters don't like that). (In addition to treasuries, the money is spent subsidizing home loan interest rates below market).