>"The Fed did lend money. In fact, their primary function is to print and lend money!"

The primary function of the Fed is NOT to lend money. That statement is so egregious and just plain wrong! And you have the nerve to ask other where they are getting so misnformed? Wow.

The primary function of the Fed is the stability of the US economy. Here you can read the statement here on the Fed's website:

https://www.federalreserveeducation.org/about-the-fed/struct....

And no the Fed also does NOT print money. That statement is also just plain wrong. The US Treasury prints money:

http://www.investopedia.com/ask/answers/082515/who-decides-w...

Perhaps you misunderstood quantitative easing when the media was saying the "Fed was printing money"? That wasn't literal you know:

https://www.federalreserve.gov/faqs/money_12853.htm

From the above :

>"The myth that the Federal Reserve prints money only became prevalent following the Great Recession when many were concerned about the unconventional policies of the central bank, which included intervention in the commercial paper market, mortgages and outright purchases of debt to keep the system from collapsing. By the end, the Federal Reserve expanded its balance sheet by nearly $4 trillion."

>"Coming back to this ridiculous notion you have:"

The only lending the Fed does is called the "Discount Window" and it's made available to member banks for the sole purpose of meeting reserve requirements and for a very short term. A bank is not allowed to do anything with money that is borrowed via the Fed's Discount Window. It literally just sits in a vault for the sole purpose of meeting the reserve requirements. Making use of the Discount Window traditionally has had a stigma attached as well and so it is not used very often. Also the rate is higher than banks can get from borrowing from each other. So again it is generally not done.

>"They do this mainly through the FOMC, where they buy and sell notes to target inflation rates..."

And what are they buying in selling through those FOMC operations? US Treasury Notes! So yes their main tool to influence the money supply is an asset that is owned and issued by the US Treasdury.

Here from the Fed's own FAQ:

"The Federal Reserve purchases Treasury securities held by the public through a competitive bidding process. The Federal Reserve does not purchase new Treasury securities directly from the U.S. Treasury, and Federal Reserve purchases of Treasury securities from the public are not a means of financing the federal deficit."[1]

>"Please do me a favor and Google these things yourself next time so I don't have to refute such misinformation."

I don't need to Google about how the Central Bank in the US works, I have an education in it.

Perhaps your incomplete and incorrect understanding of the US Central Bank and US Treasury is because you have simply chosen to "Google" about it instead of sitting down and reading books or enrolling in a University level course?

I'm guessing that's the case. But more egregious than your own incomplete and incorrect understanding of the US financial system is the outsized arrogance you have when displaying your lack of understanding. It's actually anti-social.

[1] https://www.federalreserve.gov/faqs/how-does-the-federal-res...