Tuesday, November 16, 2010

Quantitative Easing - QE2

So, now that the Fed has announced QE2, there's been quite a stir.

Sarah Palin, China, the European Union, Greenspan and about 20 conservative columnists have come out against it.

The result of QE2 would be a lower priced currency. This would have the affect of increasing domestic production and intern possibly increasing the working class wages (that means you blue collar workers).

So, explain to me again, why QE2 is such a bad thing?

And if Palin, Greenspan and the right wing are siding with China and the European Union you've got to wonder where their loyalty lies.

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