The View From 1776

Greenspan Says Fed’s Monetary Policy Didn’t Work

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

The former chairman of the Federal Reserve testifies that QE1 and QE2 did little more than debase the dollar, which temporarily boosted U.S. exports.

That’s hardly a surprise.  Keynesian economic mythology has never lived up to its pretensions.