
Ep. 2150 The Unknown Villainy of the Fed
The Tom Woods Show
00:00
The Moral Hazards of Fee Out Money
Sopiat money bestows on government far more power than it would have otherwise. Government can raise money for itself in this inconspicuous way of just creating it out of thin air. It can get away with siphening resources from the citizenry without having to raise taxes or borrow so much that it drives up interest rates for private borrowers. Most people can be made to believe that greedy siness men caused the problem, or price gougers,. Also feot money artificially and unjustly increases the wealth and economic power of the banking system well beyond what would occur in the free market.
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