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To: Toddsterpatriot
Maybe you can tell us how much the Fed printed so the Treasury could spend it? I'm sure you could Google it.

No, but you could make a good back of the envelope guess, namely, the total outstanding treasury debt times the reserve fraction that that amount of debt represents.

Of course the beauty of it all is that as a consequence the Fed only has to create reserves representing a fraction of the total. The rest gets created in the manner in which all credit is created in a fractional reserve banking system - as groanup just told us.

157 posted on 11/21/2007 4:24:39 PM PST by AndyJackson
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To: AndyJackson
No, but you could make a good back of the envelope guess, namely, the total outstanding treasury debt times the reserve fraction that that amount of debt represents.

So do it. LOL!

160 posted on 11/21/2007 4:27:19 PM PST by Toddsterpatriot (What came first, the bad math or the goldbuggery?)
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