Loading ...Ron Paul: Fed Inflation Is Propping Up Big Government Spending
Ron Paul made a similar argument in a recent article. He agrees that the Fed won’t raise rates, arguing that the central bank is the only thing enabling the massive borrow and spend federal government.
“Powell does not want to admit that the real reason the Fed will continue to keep rates low is that increasing rates will cause the federal government’s interest payments to rise to unsustainable levels.”
https://www.zerohedge.com/economics/ron-paul-fed-inflation-propping-big-government-spending