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Question on existence of Federal Reserve printing money vs. government doing it [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-27-08 03:53 PM
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Question on existence of Federal Reserve printing money vs. government doing it
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If I understand correctly, the Fed prints money, which the government buys with T bills, which means all money puts us in debt.

What would be wrong with the government printing money itself to pay for government spending? Wouldn't that cut out an unnecessary middle man, stop our national debt from accumulating at an astronomical rate, and reduce the need for taxes on individuals?

Wouldn't there be some way to control inflation by expanding and contracting the money supply?

Why do we have to make the rich richer in order to simply have money?
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