** Lucrative Positions **
Treasuries are now, although not always, publicly auctioned.
A government may print additional money if there is a purchaser for bonds it has made available, and the central bank is responsible for printing money that government treasuries (bonds) represent, and the central bank may actively purchase government bonds that does have an effect on the money supply.
However, both references to the central bank’s “printing of money” are metaphorical, indirect, and distant allusions to legislation that directs the printing of money.
In the sense that the government gets money to fund its growning debt at bond interest price, after which secondary rates are passed to the public through the central bank, it is dissapointing that it is akin to asserting that government credit ratings are always better than private credit ratings.
It would be a unique track if there were a method to make bonds more expensive, thereby figuratively raising interest rates on government borrowing as a consequence to a lowered credit rating because of its growing debt, while respectively providing a private lender with lower interest rates due to its better credit rating.
I agree that interbank lending does cause an immediate increase in interest rate on the private sector intrinsically adding a prohibitive element to an efficient use of money for free enterprise.
A 6% reward to the central bank seems to be a special endowment with high reward for usery and for diminishing optimal efficiency of money.
To balance special endowment against egalitarianism, while avoiding bureaucratic collectivism, implement the public private trust.