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RideTheDirt

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Joined
Apr 30, 2008
Messages
1,988
http://www.federalreserve.gov/releases/h41/current/h41.pdf
I'm lost.

Edit:http://www.federalreserveeducation.org/fed101/structure/
Seems like a pyramid scheme?

Edit 2:http://www.federalreserveeducation.org/fed101/history/
Wow. Read the last one.What the hell ?!!?

Also, I find it funny that most of the stuff on the site is made so you can't copy and paste it. Probably so their economic bullshit can't be spread throughout the internet.

Edit3: http://www.federalreserveeducation.org/fed101/glossary/glossary.cfm They forgot bailout.

But surprisingly remembered this :
Inflation tax — The transfer of resources to the government from businesses and consumers that occurs when government spending is financed by printing government-issued money rather than being financed by government taxes or borrowing from the public. When the government obtains goods and services by printing new money and inflation occurs, consumers and businesses holding money pay an inflation tax because inflation erodes the purchasing power of their money holdings.
 
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