Opinions of The Federal Reserve Myth and the Real Culprits - The Diigo Meta page

• 21 Jul 08
  

  liveinfreedom .

  Why does this myth persist that the Federal Reserve "prints money out of thin air", or more realistically "creates money out of thin air"?

  fed bankers collateral INFLATION INTEREST RATES ECONOMY RESERVE FEDERAL GOLD

  • It's the US Federal Government's fiscal irresponsibility that's causing this economic tsunami, not the Fed's monetary policy. The government simply spends way more than they have. It’s that 90% of the nation’s debt that the Fed doesn’t control, that contributes to the lion’s share of the problem.

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