(Mike Maharrey, Money Metals News Service) The Federal Reserve is the engine that powers one of the biggest, most powerful governments in history.
In this episode of the Money Metals’ Midweek Memo, host Mike Maharrey explains how and why the Fed enables an ever-growing federal government.
Mike opens the podcast using an analogy drawn from the TV show “My 600-Pound Life,” explaining how when somebody is engaged in destructive behavior, there is almost always an enabler.
He goes on to highlight one bad behavior of the U.S. government – borrowing, spending, and driving up a massive national debt, and he explains how the Federal Reserve enables it.
Along the way, Mike explains the three ways governments can obtain funding, puts the national debt and the government’s spending habits into perspective, and explains how Uncle Sam’s rising interest expense makes the situation untenable.
Enter the Federal Reserve.
Fed monetary policy allows the government to borrow and spend far more than it would under normal market conditions. Mike explains the mechanism the central bank uses to enable big government spending, and why this too is ultimately untenable.
Closing out the show, the emphasizes that Federal Reserve monetary policy levies an inflation tax on all of us and wraps up with a call to action to buy gold and/or silver to help protect yourself from this tax.
Articles Mentioned in the Show
National Debt Tops $34 Trillion but So What?
Biden Administration Runs Half-Trillion-Dollar Deficit in Q1 Fiscal 2024
The Common Definition of Inflation Is Wrong
Mike Maharrey is a writer for Money Metals News Service and national communications director of the 10th Amendment Center. Follow him at twitter.com/mmaharrey10th.
 The Federal Reserve is the engine that powers one of the biggest, most powerful governments in history. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains how and why the Fed enables an ever-growing federal government. Mike opens the podcast using an analogy drawn from the TV show "My 600-Pound Life," explaining how when somebody is engaged in destructive behavior, there is almost always an enabler.){kind=link}