On Wed, Nov 24, 2010 at 10:42 AM, Robert Naiman <[email protected]> wrote: > The deficit hawks are circling, hovering over QE2, calling it just > another inflationary bank bailout. But unlike QE1, QE2 is not about > saving the banks. It’s about funding the federal deficit without > increasing the interest tab, something that may be necessary in this > gridlocked political climate just to keep the government functioning. > > http://www.webofdebt.com/articles/qe2.php
The list of people who don't like QE2 is very revealing: a bunch of Wall St types who want deflation (Jim Chanos, Cliff Asness) and a bunch of neo-classical economist types (Niall Ferguson, Michael J. Boskin) and miscellaneous right-wing jackasses (William Kristol). I'd suggest that a good rule of thumb for progressives is to take the opposite side of *any* issue from these guys. If these guys don't like QE2, Bernanke must be doing something right.. -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
