Ellen Frank wrote:
Instead the Fed restricts its lending
to financial institutions.
Yeah, but it doesn't do much of that; discount window borrowings are
pretty rare. It's all open market operations.
I thought, though, that under the 1980 law - called something like
the Depository
Ellen Frank wrote:
Well, the fat boys can be soaked via taxes and other forms of expropriation
or the rich can be by-passed altogether, by creating alternative forms
of social wealth. These are not mutually exclusive.
That's what I don't get - how can you bypass the rich. If money and
capital
