Where can I see this system described?

Those reserves then require Treasury bond issues as deficit spending by Treasury. Each member bank in the Fed system is contractually required to purchase Treasury bonds to match their share of the distribution of deficit spending, so the government provides them with the reserves necessary to purchase bonds, thus funding its own debt. I think if most understood this they would agree that paying any interest on bond issues is little…
While an understanding of Fed operations helps, simple logic applied in the macro view shows that…
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Keith Evans
John Griswold
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1 min read·
Apr 14, 2019
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Where can I see this system described?
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Written by John Griswold24K Followers
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Master carpenter, watercolor artist and beat up old jock…owned by Black Lab Bo who considers two tennis balls a minimum mouthful
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