Think of that for a moment. Our interest costs and our debt now are the second biggest expenditure of our federal government, bigger than our Defense Department. Because of that, Our central bank, the Federal Reserve, has had to buy all of this debt and increase the money supply. which has created the bout of inflation that we've just had. As a result of that, the standard of living of real incomes for Americans have been in decline. (07:10–07:17)
CLAIM
Asserts that the Federal Reserve has increased the money supply by buying debt.
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