Re: Confused about the Federal Reserve?
The Fed interest "fiat" rate is the cost. Private banks are
free to create money on their own through credit cards,
but they often find borrowing from the Fed to be the most
profitable solution.
The main goal of the Fed is to regualte the "right amount"
of money in the economy. Too much and there are bubbles
and inflation. Too little there are credit crunches and
business shutdowns.
.
Relevant Pages
- Re: some people
... He also got to know my mate from Kerry and as he didn't have anywhere to ... stay at the time my mate put him up, no charge and he was grateful. ... and taken her money with him and according to the police it wasn't the first ... credit cards, driving licence, and my car. ...
(soc.culture.irish) - Re: Refineries being closed due to low demand for fuel... 2
... If you are not borrowing money, you probably aren't making any major purchases. ... You're killing the economy, the bank's money is moldering and the ... Those that can lest afford it are subsidizing the wealthy or realitvely wealthy users of Credit Cards. ... The trick with credit cards is not to buy more than you can afford and pay off the entire bill every month. ...
(rec.outdoors.rv-travel) - Re: Following Dallys Lead...
... > About 14% of people in NO do not own a car. ... > car, you have a bank account with money in it, you have credit cards which ... > get the hell out of the city you can go if you want. ... If you have credit cards at all (as you're a credit ...
(misc.fitness.weights) - Re: OT - Best Business Credit Card?
... Pay the bill in full on time and there's no ... >> your ability to use your money. ... You're not required to pay for it unless the dispute ... I dislike credit cards. ...
(rec.aviation.piloting) - Re: Are US denominations efficient?
... I agree it is one's best bet not to spend money needlessly. ... I use my credit cards to purchase gas ... I don't spend any money on my credit cards needlessly and I resent you ... >>using my credit card for all purchases I get cash back from the credit ...
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