The Political Orphanage cover image

But Gene Epstein Hates the Fed

The Political Orphanage

00:00

Monetizing Debt and the Federal Reserve

This chapter explores the Federal Reserve's role in the economy and the controversial practice of monetizing debt, especially in the context of recent government actions during the COVID-19 pandemic. It critiques how these monetary policies undermine democratic accountability and highlights historical precedents that suggest a shift in government responsibility. The conversation further examines the implications of government spending on citizens' taxation burden, inflation, and purchasing power in relation to economic stability.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app