Quote:I can only say: I'm sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed's first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.

http://online.wsj.com/news/articles/SB10...0751473884

http://www.zerohedge.com/news/2013-11-12...ry-america

Anther example of Keynesian economics fighting for the little guy.

(11-12-2013 12:42 PM)BlazerFan11 Wrote:  Anther example of Keynesian economics fighting for the little guy.

Not this again. For the last time, Obama is not a Keynesian. It says on his birth certificate that he was born in Hawaii.

What's the frequency, Keynesian?

(11-12-2013 12:48 PM)I45owl Wrote:  

(11-12-2013 12:42 PM)BlazerFan11 Wrote:  Anther example of Keynesian economics fighting for the little guy.

Not this again. For the last time, Obama is not a Keynesian. It says on his birth certificate that he was born in Hawaii.

Haha. I gotta find a reason to use that in a conversation today...

95% of people do not even know how destructive QE is. It is the seeds of America's. demise.