(IPS) Federal Reserve Conjures – and Redefines – Money
http://ipsnews.net/news.asp?idnews=53706 ATLANTA, Georgia, Nov 29, 2010 (IPS) – The private central bank of the United States, the Federal Reserve, has begun purchasing $600 billion of long-term U.S. Treasury Bonds, essentially subsidising the federal deficit for the year. Many economists say the significance of this new role for the Federal Reserve cannot be overstated, especially because the agency is literally creating […]
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