Elon Musk Compares The Fed's Money Printer To A Game Of Monopoly As Goldman Warns Next President Faces A "Fiscal Constraint" [Yahoo! Finance]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Yahoo! Finance
Taking a screenshot from the rule page of the game of Monopoly, about how "the bank never goes bankrupt" as the "banker may also issue ‘new' money," Elon Musk reposted it with the added caption "how the Federal Reserve works." Don't Miss: Startup behind ‘the #1 free contractor app' grows 162% YoY, opens its doors for investors at a $100 minimum Invest in time-tested solution that aims to solve this $600 billion women's health problem at 80 cents per share Referring to the seemingly limitless amount of money the Federal Reserve can add to the circulating money supply, Musk added to a growing chorus of concern regarding the fiscal deficit. Even Berkshire Hathaway's (NYSE: BRK ) Warren Buffett recently commented on the Federal Reserve's predicament, saying "Jerome Powell is not only a great human being, but a very wise man. But he doesn't control fiscal policy. Every now and then, he sends out a disguised plea, saying please pay attention to this." Whether the next administr
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