By Robert Higgs | Tuesday November 9, 2010 at 12:13 PM PST | 17 Comments
On November 4, an op-ed article written by Ben Bernanke, “What the Fed Did and Why: Supporting the Recovery and Sustaining Price Stability,” was published in the Washington Post. In this article, Bernanke presents an apologia for the Fed’s decision to undertake QE2, the purchase of $600 billion of longer-term U.S. government bonds during…
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Tags: Bailouts, Economics, Federal Reserve, Housing, Inflation, Money and Banking, Unemployment
By Robert Higgs | at 7:56 AM PST | 3 Comments
Of course, in practice it will never be this simple. Click the image to download the high resolution pdf. HT to Mike Rozeff and LewRockwell.com.