In fiscal 2020, the U.S. government ran a $3.1 trillion budget deficit. And the Federal Reserve monetized nearly that entire amount.

Without the Fed, the U.S. government wouldn’t be able to borrow and spend at this extraordinary rate. This is precisely why we need sound money.

For Further Reading

Fed Shifts Inflation Policy to Steal More of Your Wealth

The Federal Reserve: The Engine that Drives the Powerful Government in History

Trump 2020 Deficit More Than Doubles Obama’s Previous Record

 


Concordia res parvae crescunt


Small things grow great by concord...

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