We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Thursday, September 27, 2012

Why QE Won't Create Inflation Quite as Expected

Click here to access article by Charles Hugh Smith from his blog Of Two Minds
The Fed can create money but if it doesn't end up as household income it is "dead money."
From time to time there have been reports in the media announcing "quantitative easing" by the Fed. Many observers see this as essentially printing money. This writer sheds some light on the effects of this central bank issuing money by looking at where the money actually circulates.