Harvard economist Reinhart: Central banks doing pols’ dirty work on debt “…Reinhart argues governments are incapable of reducing their debts and that central banks are now stepping up to resolve the crisis themselves. …everyday savers will pay the price.” Quantitative easing is stealth taxation, inflating away the debts so the pols can duck the issue. Weaseling from behind.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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