Burgermeister
Diamond Member
- Jan 23, 2021
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Finished The Creature from Jekyll Island by Griffin, about the history of the Federal Reserve. I did not know the mechanisms the Fed uses to increase and decrease the money supply. I think a lot of people know a primary way to increase the money supply is when the Fed buys Treasury bonds (US government debt). A lot follows on from that. Curious how many people here say they know how it works.
This is just a pulse check. My sense is that the whole thing is mysterious to the vast majority of Americans - by design.
This is just a pulse check. My sense is that the whole thing is mysterious to the vast majority of Americans - by design.