Thank you for recognizing that the Fed does not make the decision to create more outside money. Blaming the Fed for more money being printed would be like blaming your toaster for making another piece of toast. [see the U.S. Constitution.] That said, we must recognize that more money must be created from time to time if there is population and/or productivity growth. Without this we would suffer deflation which kills economies that depend on fractional reserve banking and credit for accelerated improvement of living standards. The important question then becomes not whether new money should be created from time to time, but how much. Congress must answer this question, and that's one of the many reasons a dysfunctional Congress is so devastating to our nations long term economic health.
Aggressive Layoffs Coming By March, Economy On Last Legs | Danielle DiMartino Booth with David Lin And it ain't just in Silicon Valley or on Wall Street...