The Fed's balance sheet, part 1: What is it - and why should we care?
blog.newconsensus.com
Every year, hundreds of billions of dollars in new money are created from nothing by the Federal Reserve System and pumped into our economy. And since March of 2020, the Fed has created trillions of dollars’ worth of this new money. This money isn’t coming from taxes, and it doesn’t even necessarily increase the national debt--it’s simply keyed into existence by computers. This is a normal and vital function in our economy, as it is in every other major economy in the world. The entities that do it are called central banks, and the Fed is
The Fed's balance sheet, part 1: What is it - and why should we care?
The Fed's balance sheet, part 1: What is it …
The Fed's balance sheet, part 1: What is it - and why should we care?
Every year, hundreds of billions of dollars in new money are created from nothing by the Federal Reserve System and pumped into our economy. And since March of 2020, the Fed has created trillions of dollars’ worth of this new money. This money isn’t coming from taxes, and it doesn’t even necessarily increase the national debt--it’s simply keyed into existence by computers. This is a normal and vital function in our economy, as it is in every other major economy in the world. The entities that do it are called central banks, and the Fed is