The Year U.S. Debt Beat Gold
Take, for example, this wonderful round-up of investments in 2011, via Suzy Khimm. It crystallizes one of the 2011's most angst-inducing facts for liberals. In a year where the Federal Reserve worried about inflation, Congress worried about the deficit, and nobody in government seemed to put equal energy into job-creation, the 2011's best bet was debt. In a year where Bill Gross fled bonds and goldbugs kept up their chirping, investment in U.S. bonds paid off better than gold.