Thread: Economics The "Fed"
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Old 02-26-2014, 07:29 PM   #47
petegz28 petegz28 is offline
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Join Date: Feb 2005
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Quote:
Originally Posted by KC native View Post
You have to be more accurate than that Pete. The Fed doesn't print money. The Treasury is who prints money. The Fed has dramatically expanded credit and kept interest rates low so banks could recapitalize by lending at an abnormally high spread and stimulate economic activity by expanding credit.
Yeah, that's worked out real well, hasn't it? Nothing like the Fed eroding our $ while at the same time forcing us into the Wall St. game to try and avoid said erosion only to take on the risk that many have no business taking on.
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