I realize that the amount of debt can be larger than the total amount of money. ... | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

stonemetal on Aug 4, 2011 | parent | context | favorite | on: Who Rules America: An Investment Manager's View on...

I realize that the amount of debt can be larger than the total amount of money. In fact given every dollar in existence is on loan from the federal reserve the total amount of debt will always be higher than the total number of dollars in the system by design. The question is, how does the system not implode under the massive amount of debt that is ever increasing?

cx01 on Aug 4, 2011 [–]

I found the following article: http://hiwaay.net/~becraft/FRS-myth.htm#hd25

Apparently the Fed's revenue is not 'destroyed' but transferred to the Treasury.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact