The Federal Reserve’s Failing Job and Thus Inflation’s Cost to You

The media generally flubs this subject: The main job of the Federal  Reserve is not to help the Treasury of the U.S. in its fiscal policy,  It is to stabilize the currency. It’s basic job is monetary policy. The Fed’s function under the Humphrey Hawkins Act for full employment is really secondary’

Yet, every step the Fed has  taken the last few years has been extremely inflationary, with a reaction down the road that will cause enormous pocketbook trauma for the poor and middle class. 

Example: You just cannot buy three-quarters of the national debt as the Fed has done without creating eventually worthless paper money. Because the Fed will not be able to hold that debt forever.  (See the Earl J. Weinreb NewsHole® comments.)