What if the US Treasury Could Order the Federal Reserve to Increase the Balance in Its Spending Account Whenever it Needed to Either Spend Congressional Appropriations or Redeem Debt Instruments and Everyone Knew that It Could?
Well, it just so happens, that it can order the Federal Reserve to do that. It’s just that not everyone knows that it can. And among those that know, there are many who don’t want the rest of us to…
