I made some important changes to my article, “The Federal Reserve and the War on Health Freedom.” The Federal Reserve is a privately owned but partially government-controlled institution with the exclusive legal right to create money — an act called “counterfeiting” when anyone else does it and that would qualify anyone else for a prison sentence. In the original version of my article, however, I stated that the Fed “profits” from this activity. In actuality, it turns most of these profits back to the government. I have since revised that section to more accurately describe what happens — the creation of money transfers real wealth from the people who earned it to banks and politically favored corporations.
The Federal Reserve and the War on Health Freedom
The Federal Reserve and the War on Health…
The Federal Reserve and the War on Health Freedom
I made some important changes to my article, “The Federal Reserve and the War on Health Freedom.” The Federal Reserve is a privately owned but partially government-controlled institution with the exclusive legal right to create money — an act called “counterfeiting” when anyone else does it and that would qualify anyone else for a prison sentence. In the original version of my article, however, I stated that the Fed “profits” from this activity. In actuality, it turns most of these profits back to the government. I have since revised that section to more accurately describe what happens — the creation of money transfers real wealth from the people who earned it to banks and politically favored corporations.