Blog Archive

Blog Archive

Thursday, November 11, 2010

postheadericon Quantitative easing

I am about as qualified to talk about the technical intricacies of the Federal Reserve as Ben Bernanke is qualified to talk about the MTV show “Jersey Shore.”

But that isn’t going to stop me from making a few observations about Mr. Bernanke’s latest moves to spur economic growth in this country.

Rarely can any policymaker infuriate the Chinese, the Germans and the Tea Party all at once, but that is exactly what the Fed chairman did when he announced he was going to start the process of “quantitative easing,” which in simple language means “printing more money.”

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