The Fed has a choice just say NO they are supposed to be independent and are proving they are not. They are scratching the liberals backs and allowing the spending while at the same time giving gifts to the banks with our tax dollars and as a result causing a huge back door tax increase in the form of inflation to American citizens.
The way it works is the banks sit on the money and earn interest and we foot the bill so it’s a win win for leftists and the crooks we already bailed out. The crooks that supported obama in the first place like Jamie Dimon, Lloyd Blenfein, Warren Buffet, etc. they win and the leftists win.
You’re right; the Fed could just say “no” and default the government of the United States. That should work out OK.