Can't find your post but rest assured that QE isn't what you think it is. It is not 'money printing' or 'inflationary' or anything more than modestly changing the duration of govt. liabilities. All the headline talk is just plain wrong, and written by those who don't understand actual monetary operations. I have major problems with the Fed and Fed policy, and in this case the problem is the FOMC itself doesn't realize that QE is much ado about nothing that can help the economy in any way. And while there is a lot of legalized theft going on, qe is not where it's happening. See more at www.moslereconomics.com
1 comment:
Can't find your post but rest assured that QE isn't what you think it is. It is not 'money printing' or 'inflationary' or anything more than modestly changing the duration of govt. liabilities. All the headline talk is just plain wrong, and written by those who don't understand actual monetary operations. I have major problems with the Fed and Fed policy, and in this case the problem is the FOMC itself doesn't realize that QE is much ado about nothing that can help the economy in any way. And while there is a lot of legalized theft going on, qe is not where it's happening. See more at www.moslereconomics.com
best!
Warren
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