Too Many Dollars

... the Federal Reserve must be independent to make wise monetary policy decisions regardless of the current political climate. The "wise" decision should have been directed to meeting the one objective stated at the creation of the Federal Reserve in the early 1900s. That directive is to protect the value (purchasing power) of the U.S. dollar...

To preserve the value of the dollar, the Federal Reserve must control the number of dollars in circulation, also called the money supply. In turn, money supply controls inflation by managing the devaluation of the dollar’s purchasing power over time.

This is a balancing act. Too many dollars in circulation decrease the value of every other dollar - i.e., it is inflationary...

The last three Fed chairmen - Bernanke, Yellen, and Powell - acquiesced to political influences that harmed the long-term prospects for the economy...

Each Fed chairman was complicit in allowing the Federal Reserve to continue "printing" U.S. dollars through Quantitative Easing (Q.E.). I find it curious that Powell is standing up to Trump, but went along with Biden and Obama...

Today’s inflation is caused by the Fed "printing" too many U.S. dollars starting in 2008 and for years thereafter...

To add insult to injury, these three fed chairs, as part of Q.E., used the dollars the Fed created to buy U.S. Treasury Bonds...

Every Treasury bond, bill, and note is debt, which every taxpayer (and our children and grandchildren) must pay back.

The Fed devalues the purchasing power of every dollar, places us into debt, and forces us to pay down that debt with cheaper (more) dollars. Yet these same people remain in control. This is insane...