This video is pretty funny – the best real world description of quantitative easing I have seen. I would not say it is ‘accurate’ technically speaking. But it does hit a nerve. Hat tip Scott
I now have an interview with the creator of the video up. You can see it here.
Also see my posts Why is deflation bad? and Economic Code Words or Michael Hudson’s view if you want different in-depth views of what the Fed is up to. More technical analyses are available under the tag ‘Quantitative Easing‘.
Bernanke doesn’t believe the things he writes based on his prior academic work. But with rates at zero percent, the Fed has no other options left except doing nothing.
Also see tech-oriented videos using Xtranormal