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Arise, you have nothing to lose but your barbed wire fences!

1996-04-08 - Re: e$ Signorage

Header Data

From: Alan Horowitz <alanh@mailhost.infi.net>
To: “Perry E. Metzger” <perry@piermont.com>
Message Hash: 9778672cb1d6352f5e863a2122fc3e09ab8e9c7724b985c4b185a54fb9681b09
Message ID: <Pine.SV4.3.91.960407214309.2856A-100000@larry.infi.net>
Reply To: <199604071620.MAA14286@jekyll.piermont.com>
UTC Datetime: 1996-04-08 09:41:46 UTC
Raw Date: Mon, 8 Apr 1996 17:41:46 +0800

Raw message

From: Alan Horowitz <alanh@mailhost.infi.net>
Date: Mon, 8 Apr 1996 17:41:46 +0800
To: "Perry E. Metzger" <perry@piermont.com>
Subject: Re: e$ Signorage
In-Reply-To: <199604071620.MAA14286@jekyll.piermont.com>
Message-ID: <Pine.SV4.3.91.960407214309.2856A-100000@larry.infi.net>
MIME-Version: 1.0
Content-Type: text/plain



> Date: Sun, 07 Apr 1996 12:20:11 -0400
> From: Perry E. Metzger <perry@piermont.com>
> 
> whatever makes no difference to the amount of fake interest earned. I
> say "fake interest" because it isn't real income to the government at
> all.

    When the Fed buys government bonds, the interest income goes to the 
owners of the Federal Reserve Bank. The Federal Resreve Bank is _not_ a 
government agency - it is privately owned by the member banks..

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