The Problem with Printing Money: Even the Fed Isn't Sure That the Fed's New $600 Billion Policy Makes Sense

In: Commentary, Band 131, Heft 1

Abstract

The Federal Reserve's dramatic new intervention into the U.S. economy, a $600 billion purchase of Treasury bonds, has the potential to look to voters like Obama's trillion-dollar stimulus: yet another example of government intervention in the economy that proved a spectacular failure. Adapted from the source document.