Posted on 02/22/2016 4:03:30 AM PST by expat_panama
The chickens are coming home to roost, and the Federal Reserve could easily push America into another recession.
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That’s the Fed’s job. Actually, it is to suppress wages, but causing recessions is a big part of that.
Makes sense to me
Just recently the Fed printed up money and gave it to politicians to spend which is pretty dumb.
Wait a sec, I thot we'd already agreed that congress' coining/setting-value of money was in the constitution. How about our beef geing not w/ the fed, but w/ congress?
Fair enough. It is Constitutional and dumb for politicians to print money and spend it. It is not the worst case scenario because the proportion is still small, it may have been temporary and it was not just handed out in paper. But it is a bad precedent and I’m not sure if anyone realizes how damaging that is with all the talk about deflation.
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