Thanks. Within the government.
It’s their money, and we have to pay them to use it.
You pay to use FRNs? Who? How much? Where do you send the check?
Federal Reserve Notes are loaned into existence, no debt, no money. My loan officer wife spends her day “creating” FRNs at the local branch,on her computer screen, as she loans out thousands of fractionally ginned up dollars and then exchanges them for all sorts of things of value! The interest on these notes when created and then serviced by compounding are the “check in the mail” moment there, Todd.
But you knew that, your questions are for the folks here that don’t know that, not me, right? You’re just the guy here on FR that keeps the other side of the argument going.