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The Lords Of Easy Cash: The American economy was destroyed by the Federal Reserve.
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The Lords Of Easy Cash: The American economy was destroyed by the Federal Reserve.

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Nobody would blame the Federal Reserve if you asked the majority of people what factors contributed to the extraordinary economic inequality and financial crises of today. The Fed has benefited from the media's adoring praise for the majority of its existence. The Fed received credit for the economy's growth. The Fed was credited with saving us in 2008 when the economy crashed.

However, the Fed also possesses the rare ability to drastically alter the American economy, which it tragically did on November 4, 2010, through a measure known as quantitative easing. The Fed increased the money supply by more than four times in a short period with the sole intention of encouraging banks and other investors to issue more risky debt.

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