Bernanke Opens The Spigots

By: Repair_Man_Jack (Diary)  |  September 14th at 02:00 PM  | 

I’ve taken a deep breath since the Fed announcement of QE III and no longer care whether or not The Ben has a bumper sticker supporting Obama/Biden on the bumper of The Benmobile. I can’t stop the man, so the deeper question is one of whether he has improved my existence or made it worse. I disagree with many here and opine that QE III will make America a worse place in three respects. It will make us all more susceptible to moral hazard, it will make politicians less accountable, and it will fail in its stated objective of ever improving unemployment.

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