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News Link • Federal Reserve

The curse of free money

• Washington Post
The free money in the lobby consists of shredded currency in small plastic bags. The free money that distresses Tom Hoenig, in his 20th and final year as president of one of the Federal Reserve’s 12 regional banks, is being pumped into the economy by two policies of the Federal Reserve in Washington — very low interest rates and a second “quantitative easing” (printing money).

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