[candybar]

This is the exact opposite of how things are. Due to the constraints of the monetary union, the Bank of France is not a true central bank (the ECB is) and does not have the ability to print money or otherwise set monetary policy. It absolutely cannot indefinitely finance the deficit spending.

The Fed, on the other hand, is a classic central bank and it can print money to finance the federal deficit. I think you're misinterpreting the supposed "independence" of the fed - it remains a government institution that is largely independent operationally (https://en.wikipedia.org/wiki/Independent_agencies_of_the_Un...), but it's not a private institution. In other words, it's not independent the way a private bank is; it's independent the way FTC is.