Our monetary system has been captured by progressives, social-engineers and their cronies on Wall Street.
Our currency is unbacked by anything - so it can be printed at will. We have a Federal Reserve that can create debt at will and manipulate interest rates, to support the massive nanny state.
Conservatives will lose all political and social battles with the left as long as we have a captured financial system and fiat currency.
” We have a Federal Reserve that can create debt at will and manipulate interest rates, to support the massive nanny state.”
Congress creates the debt. The Fed can monetize it, not create it.
The Fed can set the shortest term interest rates, the overnight loan rate to banks. The bond market and bond vigilantes determine long term rates.