This is exactly why the Federal Reserve needs Judy Shelton. When I spoke with her last November, she warned: “We should be more concerned about the concentration of power in a Federal Reserve that faces no limits on how much U.S. government debt it can buy, no limits on the money it can create with a keystroke... and no rules to protect the monetary integrity of the U.S. dollar from its policy of 2% annual debasement.” Hard truth. @judyshel