In addition to funding the U.S. government's deficit, the Federal Reserve also intervenes in the financial markets to "manage" the effects of inflation that it has previously created. Nearly all of the money that was advanced in reaction to the crises related to the Great Recession 2008-10 was created by the Federal Reserve (out of nothing; out of thin air) and was an expansion of the supply of money and credit.
Video Length: 00:06:23
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