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As far as I know, Fed prints around $80 billion since 2012 and does it today. All this money does not just sit somewhere, but is being "invested" to "stimulate
by oleganza 13y ago
As far as I know, Fed prints around $80 billion since 2012 and does it today. All this money does not just sit somewhere, but is being "invested" to "stimulate the economy". Sources are listed here: http://en.wikipedia.org/wiki/Quantitative_easing http://en.wikipedia.org/wiki/Quantitative_easing
Then, you ignored the fact that existing Fed policy made possible murder of 1 million people over several years at a cost of $6 million per person. There were no taxpayers or private investors who'd save that much money to invest in a large scale murder operation. It was all possible because of Fed, legal tender laws and tons of regulations that make sure people have to accept USD as money. I think it is important to understand that to see the power that the Fed has and how much lives are affected by that power. It just gives the proper context.