Money For Nothing
A favorite song, Money for Nothing , tells us that those rock stars of days of yore made lots of money for, well, not doing that much. Okay, you can argue that a successful band had to work at what they do to get really good. You don't just strap on your guitar or pound your drums and, voila, the hits keep comin'. So the song exaggerates a bit. But when the song compares the work of a rock band to the gents that do actual manual work, well, there's something to it. But why bring this up today? Well, it's got to do with the recurring thought that arises from time to time of how our fearless leaders acquire money for nothing - in this case by creating it out of nothing. Sure, many of us know this, have heard the phrase "out of nothing," and likely realize it's an ongoing thing. Perhaps many of us also know that this money for nothing thing started with the creation of the Federal Reserve Bank in 1913. Maybe some also know that the value of the US dollar, as...