Frequent contributor KAF sent this: Fed says $600B bond program to end in June. JWR’s Comment: Any bets on whether The Fed can break itself from their new-found addiction to creating money out of thin air? I’m betting that they’ll find an excuse to continue Monetization (aka “Quantitative Easing”), indefinitely. In essence, monetization is the crack cocaine cooking of the currency world.
B.T.D. sent this: Treasury quietly plans for failure to raise debt ceiling,
Regular content contributor B.B. forwarded this: Wal-Mart: Our shoppers are ‘running out of money’
Several readers sent the link to this entertaining “rap music video”: Fight of the Century: Keynes vs. Hayek Round Two
Items from The Economatrix: