Fed Reserve Loves Free Money

Who said history doesn’t repeat? The Fed is firing up its old free money truck. It’s just a different driver.

“The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” – Ben Bernanke

“To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target.” – Janet Yellen

“Below-target inflation increases the real value of debts owed by households and businesses and reduces the ability of central banks to respond to downturns.” – Jerome Powell