When the Fed floods the country with new money that it created out of thin air, it corrupts the money in the same way that false weights did in the Hebrew Bible.
The textile mills so hated by the Luddites and socialists liberated women from being chained to spinning thread during most of the hours they were awake.
The Federal Reserve is working to curb inflation by raising interest rates. In a meeting with reporters after his talk, James Bullard said he wants interest rates to hit 3.5% by the end of the year.