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Podcast: PRay TeLL, Dr. Hash
Episode: 244 Quantitative Easing
Description: The biggest & most egregious example of Welfare-for-The-Rich is the intentionally obscure practice of Quantitative Easing by a semi-public organization known as The Federal Reserve... The Fed. The Fed's very existence is often questioned; its main purpose seems to be one of comfort & reassurance, the illusion that the U.S. economy can be fine-tuned by very elite people who know arcane magic. That's almost entirely bullshit, what The Fed does with interest rates in actuality has little to do with the interest rates you pay. The only substantive thing The Fed does is facilitate the transfer of wealth from the...