The Fed

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Mark Brandly

In order to confuse matters, much of the true debt incurred by the federal government each year is simply declared to not be part of the deficit.

Ludwig von Mises

It's important to remember that the government can engage in credit expansion through many ways other than directly inflating the money supply. 

Mark Thornton

The goal should not be to make quick daily decisions that look like market data — it should be to make correct decisions that are market data.