US Making Some Questionable Decisions

http://www.nytimes.com/2010/11/07/business/07currency.html?_r=1&ref=business

This past week it was announced the fed will buy 600billion in debt. The philosophy behind this is that buying the debt will drive down long term interest rates and increase borrowing and economic growth.

Many of our foreign partners are becoming overwhelmingly concerned with these tactics. Take for instance China, who the US has been criticizing for improperly keeping the value of their currency down. How can we expect to not receive negative remarks when we are doing something so similar?

In my own opinion the US needs to pay attention to the economic transformation Britain is undergoing with it's new prim minister David Cameron. Following economic theories of Margaret Thatcher, Mr. Cameron is doing what Britain needs most. That is to stop governmental spending, stop government run jobs and to lower taxes. This directly effects the people but gives them the resources to build an economy off of true democracy. The will to build small businesses and reduce the sanctioning of the country.