What’s Really Wrong With Quantitative Easing?

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It makes no sense at all to be paid a few dollars for a day’s work when hundreds of billions of those very same dollars are effortlessly clicked into existence at the whim of one man.

If I can pay you with money I created from nothing, and use legal tender laws to force others to accept the money I created, I can, with no effort on my part, commandeer (steal) an unlimited amount of your labor. You work like a dog, and I click brand new “money” into your account. This makes you my servant, or perhaps even slave, as well of making slaves of everyone else who has to accept that money in exchange for labor or for real goods like food.

Here’s what this means: the Fed is stealing your labor by creating money from nothing. They then loan that money to your government at interest, forcing you to work more to pay off the loan and the interest. See? Land of the Free!