Failed for who?

The New York Times says quantitative easing has failed.

The Federal Reserve’s experimental effort to spur a recovery by purchasing vast quantities of federal debt has pumped up the stock market, reduced the cost of American exports and allowed companies to borrow money at lower interest rates.

So actually, it’s done exactly what it was intended to do.

QE was never about helping the economy.

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2 Responses to Failed for who?

  1. Borepatch says:

    The Fed is filled with bankers. I’m shocked – shocked! – to find their policies helping the banking sector.

  2. wrm says:



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