Five percent is what they are paying other people who buy treasuries.  The Fed won't be charging the US government a dime on the fantasy money it prints up for them.  Nor will that money ever be paid back.

It is theoretically possible for the Fed to monetize the entire federal debt by buying back all Treasury bonds and then just forgiving the debt the Treasury would owe the Fed.

 

The Traveling Wilburys  -  End of the Line

@Right_in_Virginia

Where is the example of 'virtue signaling'?  Please show the exact quote.  Or is this yet another example of you posting the first dishonest thing that pops up in your head?

The entire post was a "virtue signal".  Use the word "I" three times in succession.

I want nothing to do with those sorts of people. I will not vote for them, I will not associate with them.

Little Feat  -  Down on the Farm