The current US National Debt is around $15.17 trillion and appears to be climbing at a rate of a few tens of thousands of dollars per second. If the federal debt were a sprinter it would be Ben Johnson with a jet (debt?) pack.
So the Fed has at least temporarily monetized 11% of the debt. Core inflation has remained under 3% and the value of the US dollar is near where it was at the beginning of the year. Unemployment is starting to head down.
If you are concerned about the value of the US dollar, based on a 1967 value of one dollar = $1.00, the dollar fell in value from 19.4 cents to 15.5 cents from 2000 to 2008 (a 20% drop). From 2008 to 2010, the dollar fell in value from 15.5 cents to 15.3 cents (a 1% drop).
In my opinion, the Federal Reserve and Federal Government stimulus measures have been helpful. I would like to see more stimulus specifically directed towards helping those in poverty.
