{"id":16776,"date":"2012-12-27T08:00:01","date_gmt":"2012-12-27T13:00:01","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=16776"},"modified":"2012-12-27T08:00:01","modified_gmt":"2012-12-27T13:00:01","slug":"the-fed-taxes-savers-to-pay-for-govt-spending","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/16776\/the-fed-taxes-savers-to-pay-for-govt-spending\/","title":{"rendered":"The Fed Taxes Savers to Pay for Govt. Spending"},"content":{"rendered":"<p><a href=\"http:\/\/www.washingtontimes.com\/news\/2012\/dec\/24\/obamas-hidden-tax-heist\/\" target=\"_blank\">Richard Rahn<\/a> explains how the Federal Reserve&#8217;s low interest rate manipulation taxes savers to help government spend more of taxpayers&#8217; money:<\/p>\n<blockquote><p>By artificially holding down interest rates to lower-than-expected real market rates, the <a href=\"http:\/\/www.washingtontimes.com\/topics\/us-federal-reserve\/\">Fed<\/a> is, in effect, expropriating interest income (an implicit tax) that  savers normally would be expected to enjoy. This interest manipulation  enables the government to fund its debt at less than what would be real  market rates at the expense of savers, making the deficit appear much  smaller than it really is.<\/p><\/blockquote>\n<p>And don&#8217;t forget that the main reason given for not auditing the Federal Reserve and opening it up to other oversight measures is that it&#8217;s supposed to be an independent government agency staffed by experts who operate above the political fray.<\/p>\n<p>Right&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Richard Rahn explains how the Federal Reserve&#8217;s low interest rate manipulation taxes savers to help government spend more of taxpayers&#8217; money: By artificially holding down interest rates to lower-than-expected real market rates, the Fed is, in effect, expropriating interest income (an implicit tax) that savers normally would be expected to enjoy. This interest manipulation enables [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[544,3975,3912,61,105],"class_list":["post-16776","post","type-post","status-publish","format-standard","hentry","category-posts","tag-federal-reserve","tag-interest","tag-richard-rahn","tag-spending","tag-tax"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=16776"}],"version-history":[{"count":6,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16776\/revisions"}],"predecessor-version":[{"id":16782,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16776\/revisions\/16782"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=16776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=16776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=16776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}