patrick.net

Blah Blah Blah.
And Ben Bernanke is doing a Jim Dandy job carry on.

Sounds like BS to me. Forgot the part about the Fed making profit off inflation and how our dollar is now only worth a nickel. But keep shoveling propaganda and maybe you can get a job with Bloomberg or CNN.

How does the FED make a profit?

ChrisKolmar says

How does the FED make a profit?

The FED is a privately held entity.

ChrisKolmar says

How does the FED make a profit?

By creating money out of thin air and lending at interest. Take for example: when the FED buys $1T government debt with literally nothing (okay moving around a few electrons), even at 1% interest rate, that's $10 Billion of taxpayer money that goes to the FED as interest payment. Sure, the FED theoretically have to pay much of the gain back to the Treasury, but that's only after it pays the big banks (for interest on deposit at the FED) and propagandists like FED economists' very much above-market salaries.

I wonder why you ever bought the computer, from which you typed the post. After all, computer prices always go down. Wouldn't you be better off keeping the money under your mattress as illustrated by that farcical cartoon? How can there be a computer industry at all? How can any capitalist be dumb enough to invest in companies like IBM, HP and Apple? They make goods that constantly drop in price! There has to be a new FDA, Federal Digital Administration, to restrict supply prevent cheap entries and ensure all computer prices only go up like medicine!