Fed to Monetize MOST of the U.S. Debt
January 27, 2011 at 17:12 PM EST
We begin today with a confession. We have grievously erred. Ironically, it was a government agency (gasp, nooo!) that highlighted our error. We were trying to get a grip on the Fed’s vaunted second round of quantitative easing, the unsinkable QE2. We made our calculations with the best of intentions: According to the Fed’s plan, [...]
