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IPFS News Link • Government Debt & Financing

Prices Rise & Standards of Living Fall -- Yet The Fed Keeps Printing Like Crazy

•, RonPaulLibertyReport

Well, one major way is the Federal Reserve creates money-out-of-thin-air and then 'loans' it to the government by buying the government's bonds. Naturally, when the Fed counterfeits new dollars to do this, the value of the dollars (that Americans work so hard for) drops. Prices also rise, and the standard of living of Americans falls. Does this sound like a good deal to you?