La Reserva Federal está preparada para exprimir lo poco que queda de las fuerzas del mercado libre en el mercado de deuda. La Reserva Federal quiere el control total para que pueda hacer «lo que sea necesario» para evitar que las tasas de interés suban por encima de sus objetivos muy bajos.
The Fed is prepared to squeeze out what little is left of the free market forces in the debt market. The Fed wants full control so it can do "whatever it takes" to keep interest rates from rising above its very-low targets.
The ensuing debasement of the currency is the economically devastating outcome of central banks' unlimited power to suppress the interest rate. This, in turn, is the result of the government taking full control over money production.
The downward manipulation of the interest rate drives a wedge between the (real) market interest rate and the societal time-preference rate , and therefore wreaks havoc with the economy's intertemporal production structure.
At the end of the day, inflation is a serious threat to freedom. The majority of the people, suffering badly from inflation, would most likely blame the free market for their plight, rather than blame the central bank for the debasing of the currency.