Is it true that every U.S. dollar is loaned into circulation as debt, creating principal but not interest?
oianzinho asked: …and therefore totally unpayable?
I asked something similar earlier but didn’t get an answer to my satisfaction.
I understand that the privately owned (though govt chartered) Federal Reserve buys treasury bonds with money it issues from nothing, and that the interest the U.S. owes on the bonds the Fed holds can only be paid by [...]