It will be interesting to see whether the debate over increasing the debt ceiling will begin to encompass global strategic considerations. That is, while continued money printing is imperative to keep the US government operating, it's creating massive instability around the world that is now biting us in the ass.
Like many predicted, Ben is caught in a pincer. He's damned if he does, and damned if he doesn't. They tied, oh boy did they try, to kick the can rather than deal banker fraud & abuse. Looks like attempting to paper over criminal behavior, rather than enforce the rule of law, is going to have, shall we say "unexpected consequences".
What rule of law? This is America post-2008 - the law only applies to the little people who have no standing.
There is no law. They make it up as they go.
Superimpose on Ben’s monetary policy’s effect on commodity prices, that is squeezing the poor worldwide, the rise in food costs created by our insane ethanol subsidies / mandates. A nice double whammy.
Burning food. Such a wonderful idea.