Monday, November 29, 2010

Quantitative Easing Explained

Richard Alford's post at Naked Capitalism has a really great take on why the "Powers That Be" are missing the point in their criticism of this YouTube video. It doesn't matter if the Fed can or can't print money (it can't, that's Treasury's prerogative), what is important is the humor used to get across the stupidity of the situation. The former and current enablers of this mess (Hank Paulson, anyone?) don't look like they know how to chuckle (unless it involves a horror story about foreclosure and how those people had it coming).

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