>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 - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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