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The Myth of a Self-Financed Fed

The Fed’s cost overruns in its building renovation project supposedly are not borne by taxpayers because, as the myth goes, the Fed is “self-financing.” However, the Fed’s “earnings” come from interest payments from the government, payments made by...taxpayers.

Source: Mises Institute

Original URL: https://mises.org/mises-wire/myth-self-financed-fed