Free-spending Fed is piling up debt that will bury the economy

Here we go again. Under the third round of the Federal Reserve's "quantitative easing" program, the bank will spend $40 billion more a month for 12 months ("Markets rally on new Fed stimulus," Sept. 14). Together with the $45 billion already committed to the end of this year that totals $85 billion through December.

September 18, 2012