>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 - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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