Federal Reserve Running Money Printing Press in High Gear

Imagine an arsonist blaming you for the blaze he started at your house. Sound far-fetched? Well, that’s essentially what happened recently when a member of the Federal Reserve blamed workers’ pay increases for causing inflation. The Fed has the correlation correct but not the causation. It’s true that wages tend to rise quickly in periods of high inflation, but it’s not the wage increases that ignite the fire. Rather, the central bank’s money creation causes prices everywhere to rise, including the price of labor—i.e., wages.

History Engraving & Printing

Money Supply Shrinks for the First Time. What It Means for a

There's One Thing Picking Americans' Pockets This Christmas

9 Myths About The Federal Reserve

How Does China Manage Its Money Supply?

Politifact: Federal Reserve didn't stop distributing paper money

Economic Research - FEDERAL RESERVE BANK of NEW YORK

How the U.S. Treasury Prints Dollar Bills - The New York Times

Myth-Busting: Money Printing Must Create Inflation

The Federal Reserve's Balance Sheet: What It Is And Why It Matters

The Lords of Easy Money: How the Federal Reserve Broke the

Coronavirus and the economy: How the Fed is 'printing' dollars

History of the Federal Reserve