In The Fed We TRUST – Part 2: What is Money?
“Today, there are no conservative monetary policymakers at the Fed. Since Volcker, the Fed has been run by self-described liberals and conservatives preaching easy money from the same pulpit. Their extraordinary policies of the last 20 years are based almost entirely on creating more debt to support the debt of yesteryear as well as economic and market activity today.”
USAGOLD note: The authors go on to explain how gold differs from debt-based money ending with the observation that there is “no intermediary between it and value.”
Repost from 10-17-2019