The Federal Reserve is considering issuing its own debt for the first time, a move that would give the central bank additional flexibility as it tries to stabilize rocky financial markets. http://online.wsj.com/article/SB122888021757894023.html?mod=googlenews_wsj Can anyone explain why the printing press needs to borrow money?
This is a joke. I can't believe i'm reading this. We leave it up to them to manage an economy when they can't even manage money themselves. Shit we're in trouble.
Fiat currency is a zero coupon perpetual note, so it is about time the Fed started paying some interest on their paper.