Re:‘Housing in ‘07 wasn’t a bubble” is a true statement that...
by throwawaycities on Friday April 08, 2022 @07:30AM
(#30955668)
Criticizing people for being thankful that their government used taxpayer funds to save failed private businesses and worse prop up bubbles is not a broad diatribe against monetary base expansion.
Though generally I don’t think it’s for a private entity such as the Federal Reserve to be given taxpayer money and have the power to increase the money supply, it makes a private bank a de facto 4th branch of government with powers to coin money reserved by the Constitution to the Government by the people for the people.
Though generally I don’t think it’s for a private entity such as the Federal Reserve to be given taxpayer money and have the power to increase the money supply, it makes a private bank a de facto 4th branch of government with powers to coin money reserved by the Constitution to the Government by the people for the people.