Sunday, April 25, 2010

Print Baby, Print

The Fed will return about $45 billion to the U.S. Treasury for 2009, according to calculations by The Washington Post based on public documents. That reflects the highest earnings in the 96-year history of the central bank.....The numbers are good news for the federal budget and a sign that the Fed has been successful, at least so far, in protecting taxpayers as it intervenes in the economy -- though there remains a risk of significant losses in the future if the Fed sells some of its investments or loses money on its stakes in bailed-out firms.

There's no chance of that, because 'we' can simply print more money , right ?

And everyone can and should get $100,000 electronically deposited in their bank account because this means we will all be much wealthier. I'm waiting.
(100 K * 150 million adults is ...15 trillion, I believe. (An inconsequential amount if one listens to some economists.)

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