Jim Grant Asks When The World Will Realize "That Central Bankers Have Lost Their Marbles"
Authored by James Grant via Grant's Interest Rate Observer,
April 15 comes and goes but the federal debt stays and grows. The secrets of its life force are the topics at hand— that and some guesswork about how the upsurge in financial leverage, private and public alike, may bear on the value of the dollar and on the course of monetary affairs. Skipping down to the bottom line, we judge that the government’s money is a short sale.