After years of focusing on nano-economics (too small to call it micro) of my little family, I went on a pleasant trip down the macro-economics lane today. At the end of it I realized that I must have slept through the undergraduate class on Federal Reserve monetizing the nation’s debt because I was “surprised” to see almost a trillion dollars of Treasury obligations on the asset side of the Fed’s balance sheet…

“Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to suffering.” ~ Yoda
When I was a teenager in high school, I got into many fights with other boys on almost daily basis. Writing everything about these experiences will probably require many posts but one lesson I learned in that period was to avoid the fights I could not fight even when I was sure I would emerge as the winner. Some conflicts must be avoided completely.
One such conflict that must be …