Ac-cent-tchu-ate the Positive: The New Accounting at the Fed - Robert P. Murphy - Mises Daily

Ac-cent-tchu-ate the Positive: The New Accounting at the Fed - Robert P. Murphy - Mises Daily: "it would have been very awkward for the Fed to become insolvent. The financial community would have seen just how nihilistic fiat-money central banking really is.

But never fear, that awkward possibility has been eliminated. It is now mathematically impossible for the Fed to become insolvent, through the magic of 'negative liabilities.' There is nothing to hinder Bernanke's inflationary spree now, except public backlash against rising prices."