T or F: The Fed has never functioned in any way except to help Wall Street inflate bubbles, protect big banks and allow the Federal government to spend like a drunken sailor.
A: The Fed is functioning very well as far as those who are in a position to change it are concerned – it is massively redistributing income to the real owners of governments and allowing politicians to continue to promise more than they can deliver with tax receipts since they can borrow their way to prosperity and loudly claim economic “recoveries”.
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