3 ms·
Here I am hoping anyone still cares about federated, democratized powers and people having the right to control their own money supply. The Fed can print 4 tri
by wallace_f 8y ago
Here I am hoping anyone still cares about federated, democratized powers and people having the right to control their own money supply.
The Fed can print 4 trillion dollars for Wall St and people don't care. That's getting pretty close to half of GDP for one year (at the time). Hundreds of millions of people's work product...
If they're going to print money like that at least inject it into the economy by buying stuff like free healthcare or education.
- Nasrudith 8y agoCan you tell me when people have been able to control their own money supply at any point in history and have it be worth anything? It has always been in the hands of a mint of some sort of shackled to the base metal if done by weight.
- wallace_f 8y agoLincoln authorized congress to do it and it proved to be a success and improvement. It helped the North win the war.