“It didn't take long for the Federal Reserve to come under fire for its resumption of asset purchases, aka ‘QE2’, announced at the Federal Open Market Committee meeting on November 3…
the controversy truly caught fire on November 15, when the plucky Economics21 published an open letter to Bernanke…
The Keynesian party-line enforcement squad, led by Paul Krugman of the New York Times, responded with its usual mix of intellectual arrogance and ad hominem invective.”
Click here for a simple explanation of QE2.
Click here for a primer on macroeconomic theory.
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