On the recordSeptember 18, 2023
Massive borrowing by the Treasury and monetary financing of deficits by the Federal Reserve created 40-year high inflation and imposed a hidden but heavy tax on the American people.
Source
congress.govPat Ryan: “Massive borrowing by the Treasury and monetary financing of deficits by the Federal Reserve created 40-year high…”
Editor's note · Context
Ryan criticizes government borrowing and its impact on inflation as a hidden tax.
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