Treatise - When There is No MoneyWhen the government of the United States issues bonds to the Federal Reserve, and the Federal Reserve authorizes the printing of Federal Reserve Notes or adds digits to an account of the government, is there really any borrowing of anything? When a man signs a promissory note and gives it to a lending institution, is he borrowing money from the lender, or is the lender borrowing money from the man. Does the United States actually borrow standard
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