Lender of Last Resort: You, Not the Federal Reserve »

Posted By populist 6 months, 3 weeks ago in Political News
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The FED is not the lender of last resort. The lender of last resort is the taxpayer, who rests his hope of retirement in those IOUs in the trust funds. The lender of last resort is the holder of promises to pay fiat money. The money will be paid. It just will not buy much.

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