Beware the Soros zombies

[jem]

very good part answer. thanks.

true some money by banks via fractional reserve lending.
but the US Govt does not set the interest rate... the owned by private shareholders Federal Reserve System does.

But, again I note... its not the govt borrowing the money which causes the inflation.
Inflation is caused by the Federal Reserve.

Low interest rates stimulate borrowing, the funds are spent, read sales and investment, then enter the multiplier. In the face of excess demand for savings, staying home if you will, the government is encouraging the kids to go out and play.

 

[AAAintheBeltway]

Why are economy is screwed long term.

MarketWatch ‏@MarketWatch 5m5 minutes ago
Karl Marx tops the list of most assigned economists in U.S. college classes http://on.mktw.net/29Isx7a

Fascinating list. Marx I can understand for historical reasons. Krugman, Friedman, Stiglitz and Galbraith are all far left political hacks pretending to be economists.

Bernanke presided over the near destruction of our financial system. Probably the worst Fed chief in the history of the Fed. Lionized by Wall Street for bailing them out and saving their jobs and bonuses.