Monday, May 2, 2011

Not New Nor OutDated - Just A Revived Call for the Fed To Go (Currency Currents)

Let's get real and fire the Fed! 
Is the word "gutless" too harsh a description of the FOMC members?   Or maybe I have it completely wrong, as it takes guts to take such a haphazard leap into monetary experimentation at such a critical time for the US and global economy.  I think there is arguable evidence to suggest QE1 made some sense.  But the evidence trail flowing from QE2 is increasingly confirming it has been a dismal failure for most of us.  

No comments: