LOL! You are hilarious. I'm sure in your own mind you make perfect sense. And an
economic definition of real money is not YOUR definition of real. I'm sure you know that though. You also I'm sure are aware that for the fed to create money they have to have the treasury create a corresponding asset (government bond). I'm sure you also know that FRNs are liabilities to the fed.
You also I'm sure are aware that for the fed to create money they have to have the treasury create a corresponding asset (government bond).What did the Treasury create when the Fed bought all that commercial paper?
I'm sure you also know that FRNs are liabilities to the fed.
How much interest does the Fed owe every year on those FRNs?