In April, 2020, the Fed had $5.81 trillion on their balance sheet. Just two, short years later, the balance sheet boasts $8.94 trillion. 
 

The unprecedented $4.9 trillion in COVID-19 government stimulus will have a lasting and detrimental impact on low and middle-income earners.  In a report from earlier this year, Kentucky Senator Rand Paul labeled it a "hidden tax" imposed on Americans without their consent.

Indeed, censorship-resistant and transparent measures of inflation like the Truflation project show a YoY inflation rate of 8.76%, with important categories of housing and transportation reaching 9.5% and 10.5%, respectively.
 

As prices rise for Americans, so will debt. Everyday household items are becoming more and more expensive. Each month, the average family is spending $450 more each month than they used to in order to meet basic necessities.

So, do you agree with economist Milton Friedman's statement about the nature of inflation?  Is the Federal Reserve up to the task of controlling inflation, unemployment, and economic output?  Or is it actually a part of its root cause, along with fiscal policies made by Congress and the White House?

We'd love to see your response in our newest survey on government debt, money, and monetary policy.  At the end of the survey, you can now see how your answers compare with others who have taken it.

This latest installment of our Single Issue Survey (SIS) is designed to help you and your friends grapple with economic and monetary issues that transcend the misleading "left vs. right" model of politics.

In fact, the SIS scoring system is inspired by The World's Smallest Political Quiz.

On your results page, you will get an aggregated score with the political type that best reflects your answers.  You'll also be able to drill down into each question in order to understand how your answers align with the rest of the survey community.  The results just might surprise you!