
But Gene Epstein Hates the Fed
The Political Orphanage
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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.
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