Today on Uncommon Knowledge, does “quantitative easing” by the Federal Reserve spur economic growth? Thomas Sowell says, “No.”
“…if you have ‘x’ thousands of dollars in your bank account and the Federal Reserve starts printing more money, it is simply stealing the value of the money you put aside. So that is the same thing as a tax, only it is an inflation tax.”
To watch Part One of the interview with Thomas Sowell, click here.