Quote:
Originally Posted by Broadsword2004
nmap, appreciate the information, thanks; BTW, this is sort of a random question, but I figure it relates to the current crises, but does anyone know HOW exactly the Federal Reserve system (like the FDIC) keeps the banking and financial system solvent without going insolvent itself? For example, I know that they have a certain amount of money to work with supposedly, but I've also read the reserves can be whatever they need them to be because they can create money; thing is, if that is the case, how would they print more money without driving up inflation...? How does this work?
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Broadsword,
Here are the answers you wanted
http://www.federalreserve.gov/genera...faq/faqfrs.htm
SnT
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