The Federal Reserve In No Way Enables Federal Government Expansion
The post The Federal Reserve In No Way Enables Federal Government Expansion appeared on BitcoinEthereumNews.com. Facade of the Marriner S Eccles building of the United States Federal Reserve, the agency of the Federal Government responsible for setting the monetary policy of the United States, as well as determining interest rates, Washington, DC, July 24, 2017. (Photo via Smith Collection/Gado/Getty Images). Getty Images Governments have no resources. They can only consume insofar as they have taxable access to private sector production. If you were to say the above at the libertarian Cato Institute, the libertarian leaning Mises Institute, the conservative American Enterprise and Hoover Institutions, and even at the increasingly populist Heritage Foundation, the audience and scholars at all five institutes of thought would nod along in agreement. Which is why it’s puzzling that those same centers of right-leaning thought have created a policy “out” for themselves. The Federal Reserve