How do you run out of money when you are printing it?

John Abernethy | Clime | 07 October 2013

It is truly fascinating and also deeply disturbing to watch the political debacle that is presently unfolding in the United States. We that the US budget has been delayed. Soon, the debt ceiling will be breached unless it is lifted. In our view, these are the predictable results of five long years of national financial engineering. They reflect fiscal and monetary mismanagement on a grand scale. They also flow from the maintenance of social and income inequality.