
Inflation and the Feds
The WealthAbility Show with Tom Wheelwright, CPA
The Federal Reserve Is the Enabler of All the Excessive Spending
The federal reserve is essentially the enabler of all the excessive spending in washington. In washington, they don't care about balancing the budget by just taxes. They we've been running deficits for as far as the eye can see,. Except for the late nineties under clinton, when i had surpluses. But that surplus was the result of the federal government borrowing money from the trust funds of soc security d medicated trust funds. And also mortgage back securities to keep mortgage rates lows, to keep the housing bubble going. So again, you have a very synadistic relationship between the government in the federal reserve.
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