This writer is more concerned than I am about the Federal Reserve’s buy back of American debt but I am still concerned. He has some interesting points and is literate and intelligent. He’s worth a look.

James Pilant

The world is lining up to not buy our debt so we are buying it ourselves in a move we call by the innocuous acronym QE2, which is short for Quantitative Easing two.  More traditional, or verbally honest, economists are calling this what it is: monetizing our debt.  This is a move which has our creditors heading for the doors and our enemies smiling as poor old Uncle Sugar stands with his pockets turned inside out, a bewildered look on his face as … Read More

via The History of the Future