The Undollar Digest

QE3: Sowing the Wind

Frank Shostak 09/21/2012 www.mises.org

“The Bernanke-Woodford plan, which is based on relentless monetary pumping, will lead to a weakening of the economy’s ability to generate final goods and services in line with consumers’ preferences. This will diminish rather than strengthen effective demand for goods and services.”
The US central bank announced on Thursday, September 13, 2012, that it will expand [...]


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