Education, News & Politics

Bernanke Proposes Round 3 Quantitative Easing

Federal Reserve chairman Ben Bernanke is hinting at a third round of quantitative easing.

But Dallas Federal Reserve Bank president Richard Fisher said today:

I firmly believe that the Federal Reserve has already pressed the limits of monetary policy. So-called QE2, to my way of thinking, was of doubtful efficacy, which is why I did not support it to begin with. But even if you believe the costs of QE2 were worth its purported benefits, you would be hard pressed to now say that still more liquidity, or more fuel, is called for given the more than $1.5 trillion in excess bank reserves and the substantial liquid holdings above the normal working capital needs of corporate businesses.

Indeed, Bernanke knew in 1988 that quantitative easing doesn’t work:

Read More at Dark Politricks

Dec. 21, 2010 – Historian and Best-Selling Author, Tom Woods, joins Judge Andrew Napolitano on Freedom Watch to discuss Ben Bernanke’s policies, the history of central banking in America, political partisan interests, and the future of the Federal Reserve.

We the people need to stand up take action stop procrastinating saying youa re going to do something and then not do it.. We need to elect President Ron Paul 2012 he is our only hope for survival in America and as Americans we need to believe in freedom not to let TSA bullies or any other kind of system push us around..

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