A Modest Proposal for the Fed
• https://mises.orgQuantitative easing, the program of asset buying initiated by the US Federal Reserve Bank in 2008, represents the most profound monetary experiment in the history of the world. Between fall of 2008 and fall of 2014, three successive rounds of QE quad
MODEST PROPOSAL HELL !!!! If the commercial banks were doing it, we would call it fractional reserves. When the FR banks started it, we call it QE. This one has the Fed literally creating money WITHOUT CONGRESSIONAL APPROVAL VIA DEFICIT SPENDING. [The Fed has claimed such a function has been granted to them by congress.] We are seeing the desperate moves by the Fed to perpetuate the Ponzi scheme they have operated for 100 years. The wheels are coming off of the cart. The FRBNY is used by the BOG to embezzle money from the government. Ref. https://thedailycoin.org/2018/08/16/a-look-at-the-federal-reserve-through-a-different-lens/.