The Very Worst Thing About the Federal Reserve

[niko]

There is nothing unique about federal reserve when it comes to financing armed conflicts.  It is my understanding that almost every major conflict in the past 300 years has resulted in increased public debt.  The idea of (city)government issuing bonds to finance battles was evident in medieval Italy.

[benjamindees]

The unique aspect is that the Federal Reserve buys bonds, no questions asked, using debased currency.