Reply #33: I think not. But I'll do more research.

[emcguffie]

My understanding is this is fiat banking. I remember in high school in AP American History learning that the Fed made money out of nothing. And when it is created, it is lent to borrowers who then owe interest.

It may be that there is some way that the Fed pays interest at times, but the Fed certainly collects interest. Why do you think they ever wanted to set up a private central bank, if not to make money from it?

I had a silver certificate, briefly, when Kennedy was President. Foolish child that I was, I didn't recognize its significance, I think, and probably spent it. There weren't many issued before he was assassinated.