Fed Money Printing a Definition of Insanity, Doing the Same Thing and Expecting a Different Result

Interest-Rates / Quantitative Easing
Sep 24, 2010 - 09:35 AM

By: Mike_Larson

This week, Federal Reserve officials did it. They jumped the shark. Crossed the Rubicon. Bought a ticket on the express train to financial Never Never Land. Whatever you want to call it.

I say that because Fed Chairman Ben Bernanke and the rest of the members of the Federal Open Market Committee opened the door to a new round of quantitative easing, or “QE2.â€