By Mickey Walker – 07.21.13
Glory be for Ben Bernanke and Quantitative Easing. If you are the Fed, you can buy up the shortfall of Treasuries at auction that Japan and China don’t want some more of, that is to say, you can print new dollars out of thin air to pay for the dollars you first borrowed out of thin air to begin with, right? Everybody knows that. P.T. Barnum got it right on all counts about human nature and...
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