It believes that by growing the amount of money within the monetary system, industrial banks will hopefully start lending again, companies will resume hiring, consumers will start buying actual estate once more and inflation will rise (and hopefully overshoot the Fed’s 2 target).
In other words, if one person earned $50,000 a year and another earned $300,000 a year, both would pay 17 percent of their income to the federal government.
It believes that by growing the amount of money within the monetary system, industrial banks will hopefully start lending again, companies will resume hiring, consumers will start buying actual estate once more and inflation will rise (and hopefully overshoot the Fed’s 2 target).
Most banks are open Monday through Friday from 9 am to 4 pm and on Saturdays from 9 am to 3 pm.
In other words, if one person earned $50,000 a year and another earned $300,000 a year, both would pay 17 percent of their income to the federal government.