Lew Rockwell says the Fed can’t Afford Inflation, but can it Avoid it?
US President Barack Obama announces he will bring all US troops home from Iraq by the end of the year, saying the future of the two countries will move forward in a different way, including working together on trade and commerce. But is war an effective way to achieve this? It comes at a cost to taxpayers in Iraq of $800 billion to $3 trillion depending on estimates, not even talking about the incalculable costs of lives. What about checkbook diplomacy, which seems to be paying off for a country like China, which is cashing on power and energy in Iraq?