Congressman Alan Grayson on Fed Money Printing

By Barry Ritholtz - August 3rd, 2010, 6:00AM

While the Federal Reserve is credited with bringing back the economy from the edge of collapse, it did so by literally “printing money” and injecting more than one trillion dollars into the system. Who got the money, and what were the terms of the loans? The Federal Reserve won’t say, but Congressman Alan Grayson has been working hard to force the Federal Reserve to open its books — and it looks like he may be getting his way.

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Category: Federal Reserve, Video.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Congressman Alan Grayson on Fed Money Printing”

davossherman@gmail.com Says:
August 3rd, 2010 at 3:04 pm
Grayson is a f*cking hypocrite. Just WTF does he think his cherished health care plan will get it’s money from? Taxes up the @ss and THE FED.

He bites one boob and milks the other.
sparrowsfall Says:
August 3rd, 2010 at 5:06 pm
> literally “printing money”

I really wish you and others would stop saying this.

Lacking formal schooling on the subject, back in the day it took me a long time to figure out what it actually meant.

It’s *creating* money by crediting banks’ Fed accounts, taking (buying) government bonds in return.

Less confusing if you say what’s actually happening.

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