Got it.
1. There is no deficit spending, and no debt.
2. Federal spending, which increases debt, which calls for the printing of more money, has nothing to do with the Federal Reserve.
hand palm slaps the forehead. What was I thinking?
There is deficit spending and debt. Both are way too big. Spending must be cut.
2. Federal spending, which increases debt, which calls for the printing of more money, has nothing to do with the Federal Reserve.
Federal spending does not call for the printing of more money, it calls for the borrowing of more money.
Government borrowing has nothing to do with the Fed, it's the responsibility of the Congress.
Got it.
I don't think you do.
What was I thinking?
You weren't.