Liberal Forum
Archive
‹
No Holds Barred Political Forum
‹
If Inflation Is A Result Of Bad Policy, What Policies Is The GOP Proposing To Whip Inflation Now?
28 May 2022 8:48 am
Beefondler,Beekeeper » 28 May 2022, 6:48 am » wrote: ↑ Do you THINK we should explain to the MORON that the Federal Reserve can ONLY PRINT MONEY that the US GOVERNMENT AUTHORIZES THEM TO PRINT THROUGH SPENDING BILLS THEY PASS AND due to LOANS BEING MADE BY MEMBER BANKS when the ECONOMIC CONDITIONS WARRANT IT TO HAPPEN!!! In that case, they are doing "Quantitative easing" and in effect are BUYING AN ASSET from the bank. Yes, a LOAN to someone is an ASSET, BV!!
What this MORON fails to comprehend is that the Feds CAN'T JUST WILLY NILLY PRINT MONEY since that is 100% CONTROLLED BY CONGRESS!!!
Perhaps he should READ THE LAW that authorized the FEDERAL RESERVE in the first place, huh???
Can you explain what the FOMC does?