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The Federal Reserves' Activities in Holding Down Interst Rates
There is not a one to one relationship between government deficits and what happens to the money supply at all. The pressure on the federal reserve comes indirectly. It comes because large government deficits, if they are financed in the general capital market, we'll drive up interustris. And then we have the right patents in congress pressuring the federal reserve to enter in and finance the deficit by printing money as a way of supposedly holding down interust rates. But now i want to come to clarence brown and ask him shiftty buck to him, put him on the hot seat for a bit. The government spending has been going up rapidly, republican administration or democratic administration. This is a non part