> The Federal Reserve — our central bank — buys and sells Treasury bonds all... | Hacker News

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swaits on Oct 20, 2011 | parent | context | favorite | on: What If We Paid Off The Debt? The Secret Governmen...

> The Federal Reserve — our central bank — buys and sells Treasury bonds all the time, in an effort to keep the economy on track.

And how's that working out? This is all FUD, FUD, FUD..

burgerbrain on Oct 20, 2011 [–]

opens up refridgerator

Yup, that little light still comes on. And yup, there's still food in there.

It might be a bullshit system, but it is functional.

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