"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
How to Taper Safely
Submitted by Melinda L. Secor on Sun, 2013-09-15 00:00
"America’s central bankers are in a tight spot. On September 18th the Federal Reserve must decide whether to begin to reduce (or, in the jargon, “taper”) the pace at which it supports the economy by printing money to buy bonds, from the current rate of $85 billion a month. Judging by its own earlier pronouncements, tapering is long overdue."
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