US printing money to get out of debt

[MScoleman at aol.com]

Actually, there is no need to print money to get out of debt, all the fed has
to do is increase the amount of money available and they can do this several
ways -- amongst others:

reduce interest rates, this makes borrowers more willing to borrow money.
once the money is borrowed and spent, it circulates through the economy some
multiple of times, increasing the supply of money in the economy.  One can see
this effect from the tremendous boom in housing brought about by low interest
rates.

reduce the amount of cash per deposits the banks have to hold, this allows the
banks to lend more cash.

And, to my knowledge, the Fed is ALL bankers except for the head of the Fed
who is appointed by the president.
maggie coleman mscoleman at aol.com