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The issuance of bonds generally has to be done with the approval and backing of the central banks as the governments are guaranteeing a return to the purchasers of the bonds through their central banks.
by An American in London on Fri May 11th, 2007 at 03:26:27 AM EST
[ Parent ]
So the US treasury has to ask for the Federal Reserve's permission in order to print money?

Bush is a symptom, not the disease.
by Migeru (migeru at eurotrib dot com) on Fri May 11th, 2007 at 04:31:39 AM EST
[ Parent ]
...or to raise tax revenue?

Bush is a symptom, not the disease.
by Migeru (migeru at eurotrib dot com) on Fri May 11th, 2007 at 04:32:05 AM EST
[ Parent ]

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