Even though we are two weeks into 2025, I want to suggest some more New Year’s resolutions. The Federal Reserve should resolve to stop enabling excessive federal spending by purchasing Treasury bonds, thus monetizing the federal debt. The Federal Reserve’s monetization of federal debt enables the federal government to amass trillions in debt while running a global empire abroad and a welfare state at home. The American people feel the effects of the Fed’s debt monetization in the form of the...
