A brief note this night, because troubles overwhelm me. If you know Ben Bernanke, or any of the FOMC members, ask them this: where has quantitative easing ever proved to be effective? Expect the intellectual equivalent of an “Uh….”, but understand that their is no good answer here, and that monetary policy is in the hands of those worse than amateurs. They don’t understand what to do, but they are still being paid for it.
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