The Fed’s real purpose—its hidden agenda—is to facilitate government spending through inflation. To avoid imposing politically intolerable levels of taxation to pay for the spending that returns them to office election after election, politicians rely on the Fed to confiscate wealth from the public through inflation. Inflation’s a hidden tax, and lessens the cost of borrowing by enabling the government to pay its debts in depreciated currency.
Page 84 of Cra$hmaker by Victor Sperandeo and Alvaro Almeida.
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