Central Banking, Where Money Comes From, Quantitative Easing
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The only entity that should be allowed to create money is Congress. Banks should NOT create one red cent. If they want money to loan out, they need to earn it, receive a deposit, or borrow it themselves.
Government should NEVER issue bonds to raise money, at least the Federal Government. If it is spending more than it takes in in taxes, then it is increasing the money supply and if the economy isn't growing at the same rate, we're going to get inflation.