Further to the points I have made in previous posts (including from yesterday), the Fed's low-interest policy appears to be ineffective. Daniel Mitchell makes these and related points in the interesting posting below.
http://danieljmitchell.wordpress.com/2011/09/22/the-federal-reserve-the-twist-inflation-qe3-and-pushing-on-a-string/
Thursday, September 22, 2011
The Fed's QE3 and "Pushing on a String"
![](http://1.bp.blogspot.com/_rKLBTcXIDJY/TTIpWVUSo0I/AAAAAAAAB4Q/8MSZjjyA0YM/s000/date.png)
![](http://2.bp.blogspot.com/_rKLBTcXIDJY/TTIpWjTYO6I/AAAAAAAAB4U/wq4VfNXJhso/s000/user.png)
0 comments:
Post a Comment