Because when you pay it back you are paying interest, so you pay more than you borrowed, so they profit from it.
Because the people in power are stupid.
BORROW MONEY
bonds
The Federal Reserve is the central bank of the United States of America and it supervises/oversees the banking operations of all banks in USA. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds) The current chairman of the federal reserve is: Ben Bernanke. I think it is operating very well.
The Federal Reserve is the central bank of the United States of America and it supervises/oversees the banking operations of all banks in USA. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds)
Some banks allow Australians to borrow money. It is in your best interest to find a bank with an international presence.
Yes private banks print money out of thin air and then lend it to the Government WITH interest The US dollar, Canadian Dollar and the Euro are some of the trash money printed by private banks, and most of your income tax goes to the private banks NOT government services. its the biggest scam in history.
congress can borrow money from the saving bonds
The skinflint never let us borrow any money. The term 'skinflint' means a stingy person, a miser.
Nobody decides how much money the government has to borrow. When the government wants to borrow money it has to issue or create debt with the US Treasury.
The Federal Reserve is the central bank of the United States of America and it supervises/oversees the banking operations of all banks in USA. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds)
The Federal Reserve is the central bank of the United States of America and it supervises/oversees the banking operations of all banks in USA. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds)
through taxes
Reduce interest rates to 1 percent. No matter how low you make the interest rates. People are scared to borrow money. Banks are scared to lend. Banks do not want to lend out their excess reserves.
Because the people in power are stupid.
When corporations borrow money they usually borrow from investors. When they do this, they are selling pieces of their business.
Yes, the Reserve Bank of India can be considered the bakers bank. It is the bank that governs all banks that operate in india and is considered the bank for all commercial banks. If let us say SBI Bank is short of funds, they can borrow from RBI.