Guess who is the largest holder of U.S. government debt? China? Don’t be a silly goose. Try again. Come on…come on…come on…you can do it…you can do it. Give up? Okaaaaaaaay. Here it is:

1. Federal Reserve and Intragovernmental Holdings

U.S. debt holdings: $6.328 trillion

That’s right, the biggest single holder of U.S. government debt is the Federal Reserve system. The Fed’s system of banks and other U.S. intragovernmental holdings accounted for a stunning $6.328 trillion in U.S. Treasury debt in September 2011 (the most recent number available). The amount is an all-time high as the Federal Reserve continues to expand its balance sheet, partially to purchase U.S. government debt securities.

Do ya think that Dave and Ev are fans of Keynes, or of Mises? Come on…come on…come on…you can do it……you can do it…