Wayne Jett: One Fed Two Debts — US Owes Fed and the Fed Owes Us — GOOD NEWS AMERICA!
ONE FED – TWO DEBTS U. S. Owes Fed. Fed Owes Us! Most Americans think of the Federal Reserve – if at all – as owning much of the debt owed by the federal government, managing interest rates and setting monetary policy. As recently detailed here, the Fed actually owes much more debt than it …