The View From 1776

The Fed’s QE2 Fails To Deliver Promised Results

      http://www.thomasbrewton.com/index.php/weblog/the_feds_qe2_fails_to_deliver_promised_results/

Forewarnings by critics of Mr. Bernanke’s current fiat money expansion program have been closer to target than Mr. Bernanke’s expectations.


Monetary inflation’s effects under QE2 are becoming more evident; interest rates are up, not down; and bank lending continues to decline.

QE2’s principal effect has been a booming stock market that again fabulously enriches Wall Street traders and brokers.  As I wrote last November:

Note that it