The typical American family now earns less in real terms than it did way back in 1989, according to the Census Bureau. Median household income fell for the fifth consecutive year, to $51,017 in 2012, and is now 8.3 per cent below its pre-recession peak in 2007....
The US Federal Reserve’s policy of buying debt instruments with money it’s creating out of thin air – currently at the extraordinary rate of more than a trillion dollars’ worth every year – is the right thing to do, because it doesn’t add to the net amount of US debt...
