They only pay manufacturing costs to the treasury then lend it out at a rate that will cause people to lose the value of their labor at a rate of 3% per year (in a good year).
Who is forcing you to hold this currency? How?
The IRS. They don't take gold, unless you want to sell it to them at the face value of the coin.
You know there are fluctuations, even when the Fed doesn't "sell fresh currency", don't you?
3% is their target. Like a casino, you play long enough and you will lose at the rate of the odds. When the Fed targets 3%, and the life span of a person is 72 years, he will lost to the 3%.
You're free to hold currency or not. Borrow currency or not. Lose to inflation or gain from it.
Not according to FDR, he took everyone's real currency. Plus the IRS wouldn't put up with it.
The Fed hardly lends any money out.
The IRS.
They force you to hold currency? Sounds like the IRS makes you a slave, not the Fed.
Not according to FDR, he took everyone's real currency.
FDR is forcing you to hold currency? LOL!
I don't care who you are, that's funny right there.