For every newly created dollar dilutes to some extent the value of every other dollar already in circulation

“The banks — commercial banks and the Federal Reserve — create all the money of this nation and its people pay interest on every dollar of that newly created money. Which means that private banks exercise unconstitutionally, immorally, and ridiculously the power to tax the people. For every newly created dollar dilutes to some extent the value of every other dollar already in circulation.”

— Jerry Voorhis
[Horace Jeremiah Voorhis] (1901-1984) US Congressman (D-Ca)

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