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I was with that site until it compared the US budget to a household budget with a credit card. The average American family doesn't control the federal reserve o
by zamnos 4y ago
I was with that site until it compared the US budget to a household budget with a credit card. The average American family doesn't control the federal reserve or set interest rates and employs zero economists, so that seems like a dumb way to think about the problem.
- all2 4y agoI'll note that the US government, by design, does not control the Fed. International bankers control the Fed.
- WalterBright 4y agoThe Fed is appointed by the President. That's a heluva influence.
- WalterBright 4y agoThe chart shows what happened to the money generated by increased productivity. The government spent it.