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Deficits Don't Matter Again

6:15-11:34 Discussion of the renewed focus on the Fed's policy towards interest rates now that they claim they will stop printing dollars in October. It seems to be designed to take the focus off the $4 Trillion that they printed. The inflationistas have been drowned out by the recoveristas who claim QE worked, there is no inflation and the economy is improving and the stock market is up!

Now all eyes are on what the Fed might do with interest rates- not what they might do with a $4 trillion balance sheet. There is no further talk about unsustainable deficits and unfunded liabilities. Just talk about what the Fed might do about interest rates and how they might "fix" the labor market.

Podcast Summary:

http://smaulgld.com/fed-prints-4-trillion-changes-subject/

http://www.youtube.com/embed/MvKFw3y4mNw

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