- Modernly, a loan and its interest rate is “Economics.”
- Further, buying shares in an offshore corporation is “Capitalism.”
- Next, borrowing at the Federal Reserve Bank requires printing “Fiat Currency.”
- The currency loaned is valued as the total loan (Fractional-reserve banking).
- The Treasury costs are the price of printing.
- The total loan (Fractional-reserve banking) minus Treasury costs is the Federal Reserve earnings.