Source: Ron Paul Liberty Report
by Ron Paul
“With inflation rising more than incomes, many Americans have suffered a loss of purchasing power even though their nominal income increased. The erosion of Americans’ purchasing power has led to a debt-based economy. This has created a number of bubbles that likely will soon burst. According to an analysis of Federal Reserve data by economist Mike Shedlock, total car, credit card, and student loan debts are now higher, measured in real dollars, than nearly 20 years ago during the Great Recession. Of course, the greatest debtor is the US government. The Federal Reserve’s practice of buying government debt in order to pump more money into the economy enables maintaining the largest government in history.” (06/01/26)
http://www.ronpaullibertyreport.com/archives/the-federal-reserve-is-why-the-people-are-unhappy