Comments by "city_of_coompton 68" (@city_of_coompton6832) on "Trump Targets the Fed" video.

  1. The Fed actually serves an important function for the government: 1) The welfare state, military spending are constantly growing. 2) If elected officials were to fund welfare and military spending by constantly raising taxes, people would vote them out of office 3) So instead The Fed prints more money to pay for welfare and military spending 4) The resulting inflation is passed down to consumers, reducing their purchasing power and effectively acting as a hidden tax TL;DR the government and The Fed work in tandem, The Fed's function is to squeeze more money from tax payers using inflation. They're nominally separate entities so when voters complain about inflation, politicians can wash their hands and blame it on The Fed.
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