"4D printing" is the term cientists are using to refer to a technology that MIT's Skylar Tibbits talked up during a recent TED appearance.
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They tremble at the realization that his mega money printing and manipulation of long-term interest rates are powering waves of irrational exuberance.
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Longer-term, with central banks printing money it is ultimately inflationary, which is supportive to gold.
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The Federal Reserve will continue raising short-term interest rates, but unless it stops printing an excessive amount of money, it will give us a replay, although a milder version, of the dreadful stagnation experiences of the late 1970s and early 1980s.
The market's confidence in the U.S. to service its debt (without recourse to inflationary money printing) is much more affected by expectations of long-term growth than by dog-and-pony exercises on spending that future Congresses will revisit umpteen times in the future.
During World War II, again the Treasury pressured the Fed to put a lid on long-term interest rates, which again led to excessive money-printing by the Fed.
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Printing money is only likely to provide the basis for a long-term recovery if it is accompanied by the structural reforms which most economists now agree are urgently needed.
He specifically targets the Fed's "unprecedented" policy of sustaining near-zero interest rates and its exercise in money-printing, "Quantitative Easing 2, " that has it buying medium- and longer-term securities from the Treasury.
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Short -term U.S. bonds at zilch interest makes them effectively cash, ready to come off the printing press.
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