If the Federal Reserve can just print up some money to keep the economy going, why does anybody have to work?

Friday, December 31, 2010
By admin

Question by Classical Liberal (libertarian): If the Federal Reserve can just print up some money to keep the economy going, why does anybody have to work?
Does this mean there is NO relationship between production and money? Lets all just quit our jobs and start counterfeiting

Best answer:

Answer by Gadfly
Because the Federal Reserve doesn’t do that. That’s just a right-wing talking point having no basis in actual Fed policy or US law regarding the Federal Reserve.

What the Fed really does is either issue US government debt or buy back debt in an effort to control the money supply. They don’t just print money whenever they feel like it.

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8 Responses to “If the Federal Reserve can just print up some money to keep the economy going, why does anybody have to work?”

  1. 1
    Terminator Kitteh :out of ammo!: Says:

    Duh, because then the federal reserve and it’s government lackeys wouldn’t have any power anymore.

    Taxes are a form of control.
    :D

  2. 2
    slc_corrado Says:

    Almight Crapital,

    Bush did not unhinge the dollar from gold. Geez where do you idiot liberals come from?

  3. 3
    Shard F Says:

    Yep, good question, and how about a corollary:

    If Wall Street can top 10000, why do we need farmers?

  4. 4
    Community Organizer in Chief Says:

    Because they don’t work for the federal reserve, which is about as federal as FedEx.

    The federal reserve is the biggest scam in history.

  5. 5
    just ME Says:

    Is this a serious question? If everyone quit their jobs and started counterfeiting we would have nothing to buy with the counterfeit money because nobody would be making products. Money has to have value and has to be backed by something. If everyone gets as much money as they want… that’s sort of communistic. Everyone would have nice houses, but they wouldn’t be considered nice anymore, they would be commonplace.

  6. 6
    Modern Mountain Man Says:

    OMG GOOD POINT!

  7. 7
    Alaura Says:

    Yeah good point.

  8. 8
    *freedom* Says:

    Gadfly, the Federal Reserve DOES print money whenever they feel like and it is what causes sky high inflation and destroys our economy!! The Federal Reserve is a fraudulent, private banking cartel and needs to be shut down. The first step in doing this is to have them audited. Support H.R. 1207

    The Fed needs to be held accountable to the people. That’s the first step in ending their criminal control over our monetary system.

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