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The Fed could certainly encourage more price inflation if it wanted to. But it seems the real goal is not steady inflation, but support for the financial sector.
Although the money supply has greatly increased, accompanying growth in production has made it possible to keep the current system of immense debt increase going for a long time.
One of the great problems involved in setting a standard of poverty is the ever-changing concept of "adequate" nutrition. Recently a nutrition survey concluded that "only one person in a thousand escapes malnutrition!"
The FedMoney and BanksMoney and Banking
"Digital cash" is the latest terrible idea from those who want to give central banks more power to meddle in the economy.
Bureaucracy and RegulationCronyism and CorporatismWar and Foreign Policy
America's subsidized arms industry also benefits greatly from presidential efforts to push international arms deals with foreign regimes.
Money and Banks