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Bernanke Knew Back in 1988 that Quantitative Easing Doesn't Work

Submitted by VR on Sun, 10/03/2010 - 00:41

Economy

Two economists, Seth B. Carpenter and Selva Demiralp, recently posted a discussion paper on the Federal Reserve Board's website, titled "Money, Reserves, and the Transmission of Monetary Policy: Does the Money Multiplier Exist?"

http://www.georgewashington2.blogspot.com/2010/10/bernanke-k...

QE seems to have helped in mergers and acquisitions

Submitted by Ron Johnson on Mon, 10/04/2010 - 08:06. Permalink

The big guys got bigger. Could that have been the real goal? Washington's Blog has another good article mentioning how Bernanke sees things through a banker's eyes, so if the bankers are doing well, then all is good with the country.

It is interesting that Bernanke was a critic of QE before he was an advocate.

Sort of like Greenspan advocating the gold standard before spending a lifetime undermining it.