Recent content by FrankDeliquo

The govt owes the Fed future goods/services/assets acquired through taxation. The Fed holds a government bond which is proof of that. The Fed owes you part of that government bond. In effect the government owes you future goods/services/assets acquired through taxation, via the Fed, but it's...

Here is a concise explanation of modern money and where it comes from: What Is Money? - Insofisma