Is the Fed's third round of Quantitative Easing really a good idea?


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  • RedShirt USS Enterprise, UT
    Sept. 18, 2012 12:53 p.m.

    Lets remember how well this worked out for the Weimar Republic.

  • DN Subscriber Cottonwood Heights, UT
    Sept. 17, 2012 7:44 p.m.

    This is the same as paying your MasterCard bill by putting it on your VISA card.

    It solves nothing, only postpones the inevitable painful choices needed to address the real problem (overspending) and creates the untruthful impression that all is well with our financial situation.

    Bernanke needs to resign or be fired, and anyone who thinks "quantitative easing" is a solution for anything needs to be kept far away from positions of power or influence. "Quantitative Easing" is actually nothing more than printing money to pay current bills. Under the best circumstances, this devalues the current dollars, reducing the true value of any wealth people have struggled to accumulate. Of course, it allows debtors to pay off their debts with dollars that are worth less. (And that makes your retirement account, and your pension funds and college savings accounts all worth less too!)