Watch the Jim Grant Video

The best explanation of what's going on and how are leaders are clueless.

And:
Peter Schiff

Nothing Jim Grant said in that video is earth shattering stuff. Monetary Policy needs to be restricted to keeping inflation in check and to keep the value of the currency stable. When the Fed gets creative to engineer outcomes, bad things happen. The Tech bubble was created by the Fed, the housing bubble was enabled by the Fed and now the Fed is trying to pump money into the economy while the corporations and banks are already sitting on piles of cash.