But in this particular case, that financing happened through the Federal Reserve. Well, when the Federal Reserve finances that kind of deficit spending, they do so by creating money. And if you look at The Federal Reserve's balance sheet is over $9 trillion right now. So they have dramatically increased the size of the money supply. Because the Fed creates the money, they dramatically increase the size of the money supply. (14:09–14:15)
CLAIM
Asserts that the Federal Reserve's balance sheet has exceeded $9 trillion.
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