Its not just tax money. The banks have accounts with the fed, much the same that you have an account in a Commercial bank. So, to lend to a bank, we simply use the computer to mark up the sizeof the account that they have with the fed.
Author: Warren Mosler
Binding: Hardcover
EAN: 9780692009598
Condition: New
Manufacturer: Valance Co Inc
Number of items: 1
Number of pages: 117
Product group: Book
Studio: Valance Co Inc
Publication Date: 2010-08-13
Publisher: Valance Co Inc
Pages: 117
ISBN: 0692009590