On Sat, 2007-11-10 at 12:57 -0500, Paul Zarembka wrote: > It is true that the > Federal Reserve, after printing money, places it on the market at interest > (if it is more than the replacement of worn-out currency).
The fed does not create new money: only private banks do create money each time they make a loan and they have this right in exchange for following bank regulations. Laurent
