Yes Virginia, The Fed Is Santa Claus

by | Mar 31, 2006 | Stress Blog | 1 comment

Norm Singleton passes along this helpful government Web page: “The Federal Reserve For Kids.”

You see, kids, we live in a world where, given the normal nature of things and the way people would interact with one another in business if left to their own devices, everything just gets more and more expensive.

It makes sense, you see? All human effort in the marketplace, put together, has the effect of making everything harder to afford. It’s just the way the world works. What costs $1 today will cost $2 tomorrow. Watch out!

Thank Goodness for the Federal Reserve Fairies! They come every night and adjust the value of the dollar, by placing just a penny or two under your pillow when you’re not looking. (First, they have to give quite larger sums to their member banks and to certain big businesses and government contractors