Mr. Lieto, the New York businessman, discovered the frustrations an innocent party can face as he worked for months to keep open his check-cashing business after federal agents seized his firm's workingcapital.
And the obvious question to ask after that is whether the capital and people working in the future will produce enough goods and services to provide those who have retired with the standard of living that they expect or at least hope to have, based on the dollar value of their retirement savings and entitlement benefits.
However, after the 1996 capital gains tax cut got our economic pipe fitters working overtime, the Fed stood idly by while the our monetary water pressure fell.