chumchum

Setting the Record Straight: Taxpayers Not Funding JP Morgan's Bear Buyout

You say that the bulk of the Fed's income come from interest earned on US securities. They then give (if I understand you 95% of what they earn back to the Govt.). I assume this payment is in the form of a Fed Reserve Check. What supports this check? Does it not add to the money supply? Does that not devalue the dollar? Doesn't devaluing the dollar an indirect tax on the public?