While governments around the globe impose austerity programs, President Obama has been defending yet another move by the Federal Reserve to prop up the U.S. economy.
Flooding the world with dollars so far seems to have stabilized the U.S. economy, but at what cost? The world is watching, and wondering, ‘what’s next?’ Does U.S. financial audacity know any bounds?
Click here to read my column in The Sunday Wall Street Journal. And click here to read a draft report from the co-chairs of President Obama’s deficit commission. The commission has listed a lot of great ideas, but so far can’t agree on any of them.