Month: November 2010

Federal Reserve Logic

I have a book. Book sales are really bad. Therefore, I borrow lots of money and buy lots of books. Now, book sales really look great. WOW! I betcha, I could get a job at The Federal Reserve and sell government bonds. Now let’s see, how am I going to pay back the money I borrowed and I still have lots of books? Oh well, it’s only 600 billion.