NPR discussion
September 15, 2009 at 09:00 AM EDT
[Skip to the end] > > (email exchange) > > On Mon, Sep 14, 2009 at 10:45 AM, wrote: > > By the way, you didn’t hear NPR this morning, but there was the usual hagiography > about how the Fed averted a Great Depression last year because it “created” > trillions of dollar to support the banking system. > > But my understanding is that ONLY the Treasury creates money [...]