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A comment on Federal Reserve to increase interest rates by 75 basis points for the third time. Parent comment

Re:Federal Reserve to increase interest rates by 75 basis po... by afpx on Wednesday September 21, 2022 @10:11PM (#32934084)
I've only been alive since the 70s. What was life like before the Fed created money? Was it better?
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Re:Federal Reserve to increase interest rates by 75 basis po... by hot_gril on Friday September 23, 2022 @01:38PM (#32954900)
Life was different for unrelated reasons. Fed money creation is effectively a tax on anyone holding dollars. Unfair as it is, it's not life-altering.
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