Imagine we have decided yes, as a society we must pay a financial price for slavery, and it must be large. Those payments could well constitute the stimulus that the U.S. economy needs to take it into the next century.
The chatter has it this week that the U.S. Federal Reserve Bank will allow its $85 billion a month bond buying program to wane, with the eventual death of quantitative easing and a return to economic normalcy. Not only is it too soon for the Fed to back off, it's too soon to even be discussing it. The global economy is extraordinarily fragile. We need solutions that are more radical than QE, not a retreat into orthodoxy.