>Today I listened to someone discuss "quantitative easing", the printing, printing, printing of money with no backing. Causes big time inflation eventually, like happened in the late 70's.
Sounds like you've been listening to Peter Schiff, or one of the other gold bugs. It's best to consider that Pete might have an agenda, considering he's in the business of selling gold-based investments. A few years ago, Schiff was predicting massive inflation and $5000 gold. Didn't happen, but that hasn't stopped him from continuing to make his irrational predictions. And of course a broken clock is right twice a day.
The situation today isn't really comparable to the seventies. I remember interest rates over 10 percent. Today they're nearly zero. QE isn't "printing money". It's a way to effectively lower interest rates further when they're already close to zero. The US Federal Reserve is most likely done with QE; it has done its job to bring down unemployment. If QE was the disaster Schiff claims it to be, Japan and Europe wouldn't be using it now.
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Today's Featured Article - Stories From Old Farmer - by K. Pratt. Old Farmer, a.k.a. Dale Jensen began posting messages to our discussion forums at the grand age of 75. With extensive knowledge of farming and tractors, he valued the past and the ways that went with it. He shared these values with us until shortly before his passing. I spoke with Dale in his last days and requested his permission to share some of his stories with the readers of our magazine. He agreed, and provided the
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