I didn't say 'without consequences'. And I won't spend time doing research for you nor compile a list of information resources
Suffice to say, Fed buys treasury bonds on secondary markets. Government continues to pay interest on this debt (to the Fed), but the Fed makes annual payments of all interest received back to the US Treasury in any case, so in effect it cancels itself out
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I didn't say 'without consequences'. And I won't spend time...
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