On Wed, Nov 24, 2010 at 4:36 PM, raghu <[email protected]> wrote: > 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..
Sorry, forgot the link: http://blogs.wsj.com/economics/2010/11/15/open-letter-to-ben-bernanke/ _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
