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Thomas Hoenig on Inflation and the Federal Reserve
The Great Antidote
How the Fed Creates Money?
The Federal Reserve creates money by buying assets and lowering interest rates. The process is designed to stimulate the economy in a very short period of time. But it's becoming more evident that those actions were as much, a, in my opinion, harmful as they were beneficial. And what it did as it created a economy was acid wise, inflationry.
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