Posted by Bret4207 on March 02, 2014 at 05:02:23 from (64.19.90.196):
In Reply to: Bitcoin posted by RodInNS on February 28, 2014 at 06:42:47:
Quoting Removed, click Modern View to see
I can see having some debt, I get that. If we were rebuilding our infrastructure then it would be one thing. But we aren't rebuilding anything!
The Fed doesn't seem to have any limits, that's the point. They do what they want based on what they think needs to be done. That would be fine if they always got it 100% or even 90% right, but guys like Geitner seemed to guess wrong about an awful lot of things. So far their only clear policy seems to be devaluing the dollar and low interest rates. That type of thinking only goes so far.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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