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Economists Voice QE2 Concerns In An Open Letter To Ben Bernanke

Monday, November 15, 2010 - 7:11 AM
This WSJ Real Time Economics blog post published an open letter to Ben Bernanke that was signed by several economists. The letter states that "the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easing”) should be reconsidered and discontinued." In their opinion, the "planned asset purchases risk currency debasement and inflation."
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Monday, November 15, 2010 - 2:06 PM
I have no idea what the outcome of this economic disaster will be, but I did see an interview done by David Faber on CNBC today and it said the opposite. I do respect David Faber. I only saw a portion of the interview. At this point I believe every country is doing what is best for their own citizens and their survival. We had a mess in the 80's and President Reagan doubled FICA taxes and used that money to fund his tax cuts and expansion and we are now seeing the result of instant gratification.



Ally6770Ally6770936 posts since
Jan 16, 2010
Rep Points: 2,722