[iconoclast63]

Yes, if people didn't earn interest when they lent money to government, they'd stop lending to government. Has nothing to do with the Federal reserve or money supply. Try again? How can you say this has nothing to do with the money supply??? It is PRECISELY the money created by the Fed to fund the federal deficits that serves as the foundation of the ENTIRE money supply. Tell me Todd, where do you think money comes from? How can you disconnect it from government debt? You are obviously fine with the arrangement that, while the government CLEARLY has the power to create it's own money, debt free, and use it to pay for the costs of government, instead we should continue BORROWING that money from the privately owned Fed and feeding the banking system with unlimited profits. Should I give you a reading list? What are you defending?

[Toddsterpatriot]

It is PRECISELY the money created by the Fed to fund the federal deficits that serves as the foundation of the ENTIRE money supply.

The Fed doesn't "create" money to finance the deficit. The deficit is financed by sales of Treasury securities. How do you remove profit from those sales?

while the government CLEARLY has the power to create it's own money, debt free, and use it to pay for the costs of government

That's what you recommend? You like inflation?

instead we should continue BORROWING that money from the privately owned Fed

The government borrows from anyone who buys a Treasury bond. And pays interest. You think that's bad? Oh, right, you'd prefer they just print money to pay the bills. LOL!

and feeding the banking system with unlimited profits.

Unlimited profits? How much? Who earns (steals?) it?

Should I give you a reading list?

Goldbug reading? No thanks.

What are you defending?

I'm defending against goldbug ignorance.