steven on Nostr: All US residents were taxed to bail out the banks. Not through a traditional "tax" ...

All US residents were taxed to bail out the banks. Not through a traditional "tax" that only the middle class and rich bear the brunt of.

The tax was through the inflation that is being created through the $300B in loans added to the Fed's balance sheet in the last week...

Something I wrote a few years ago:
https://open.substack.com/pub/valkyrie/p/federal-reserve-policy-is-flawed?utm_source=direct&utm_campaign=post&utm_medium=web