Government Now Needs All That Bailout Money Back

After the Federal Reserve poured between $6.4 trillion and $8.3 trillion into the economy,  inflation seems inevitable. But not to worry, once again the Federal Reserve is coming to the rescue. The Fed has this nifty new tool that allows it to pay interest on cash reserves that private banks park at the central bank. That’s supposedly going to prevent the inflationary tide. Just one little problem: aren’t the banks supposed to be lending excess cash so businesses can expand and the economy can recover?

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