The three main problems with the FED, as I see them, are: 1. All of the "money" that the FED creates is inextricably tied to debt. In other words, the money that the FED creates only exists because somebody has borrowed it into existence. If the loan that created the money is repaid, those dollars leave the economy until another loan is made. This is a debt trap that literally cannot be escaped and it only grows deeper and more dangerous with the passage of time.
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