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Making Sense of QE3
Friday, September 14, 2012 13:12
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Still trying to make sense of QE3? Michael Darda provides some great perspective on it in this Bloomberg interview:
Cardiff Garcia of the Financial Times and Greg Ip of the Economists also weigh in on the meaning of this new program. Finally, for insights on why this program pushes U.S. monetary policy in the right direction for the long run, see piece my piece with Ramesh Ponnuru in the National Review and Scott Sumner’s article in National Affairs.
P.S. Here is why conservatives should be happy about QE3. And yes, Milton Friedman would also view QE3 as a step in the right direction.
2012-09-14 13:03:07
Source: http://macromarketmusings.blogspot.com/2012/09/making-sense-of-qe3.html
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