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I don't think people hate it nearly as much as they should. Just look at the way newly generated "money" is injected into the economy - through interest free fe
by sennight 5y ago
I don't think people hate it nearly as much as they should. Just look at the way newly generated "money" is injected into the economy - through interest free federal loans to investment bankers. A totally hidden transfer of purchasing power from everyone already holding a dollar - directly to the top of our economic power structure. It is hard to not have very dark feelings about those bankers and politicians.
- mindslight 5y agoExactly! We're living in the most technologically advanced and productive time in history, but the mandate of the Federal Reserve is that this shall never be reflected in consumer prices. Even worse, the newly created money primarily goes to a single meta-sector of our economy instead of funding anything productive. Instead of a twenty hour workweek or flying cars, we get never-ending paper-pushing fake jobs.