Federal Reserve Running Money Printing Press in High Gear

Imagine an arsonist blaming you for the blaze he started at your house. Sound far-fetched? Well, that’s essentially what happened recently when a member of the Federal Reserve blamed workers’ pay increases for causing inflation. The Fed has the correlation correct but not the causation. It’s true that wages tend to rise quickly in periods of high inflation, but it’s not the wage increases that ignite the fire. Rather, the central bank’s money creation causes prices everywhere to rise, including the price of labor—i.e., wages.

History Engraving & Printing

How Does China Manage Its Money Supply?

Printing money is valid response to coronavirus crisis

How raising interest rates helps fight inflation and high prices

See where ripped, damaged money goes to die — and what they do

Lessons from the Fed's $3 trillion money printing

Federal Reserve Board - Data

Fantastic Fakes: Busting a $70 Million Counterfeiting Ring

Myth-Busting: Money Printing Must Create Inflation

The Fed - Revised 2023 Federal Reserve Note Print Order

How the U.S. Treasury Prints Dollar Bills - The New York Times

How the Federal Reserve Makes (And Loses) Money