Surprise surprise. However, quantitative easing (QE), the main alternative, isn’t so promising.
- It worked in the 1930s
- It worked in 2009
- It even worked in Japan’s lost decade(s)..
- And the cost to long-term public finances are way less than you might think
- I have been, and continue to be, a strong supporter of the core Tea Party values of lower taxes, limited government, competitive market solutions, and a return to personal responsibility. However, their proposals to balance the budget are the same suicidal policies that caused the 6 horrible depressions in the U.S. over the past 200 years…
- The European countries have pointed at austerity as the path to enlightenment. Fiscal discipline and cost cutting will make the markets happy…or will it? If you have looked at the credit default swap level of Ireland lately, you would think that they were just as irresponsible as Greece and currently just as risky as Portugal. If Ireland is unable to make the Euro experiment work, then I have no clue how Italy, Portugal, Spain, and Greece are supposed to pull their countries together…
- Summing it all up
Spread the news..
- The alternative, quantitative easing (QE), isn’t such a surefire thing
- John Taylor (from the Taylor rule) and Martin Feldstein agree
- It didn’t work in Japan
- A dissident opinion, the ways in which QE will work
