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by mrfredward 2143 days ago
The Fed just buys debt...the closest thing to giving away money they can do is nudge someone's interest rates lower or make a loan easier to get.

Congress decides how the money is distributed when they're spending it.

1 comments

Congress created the Fed and gave it what powers it has. They (assuming a consensus among legislators) could totally have given it a different mechanism for controlling the money supply. Even one that culminated in a check being mailed to every citizen.