Comment: Peter Schiff laments on quantitative government folly. 2012

Peter Schiff relates the ongoing debate between those who believe the Federal Reserve should do more to strengthen the recovery, those who believe that the recovery is strong enough to continue, & those who believe that the economy is structurally in a long-term decline to which no amount of stimulus can succeed in helping ..... Schiff thinks otherwise - emphasizes the recession must be allowed to run its course to let the economy restructure itself into something healthier .. "By enabling this diseased economy to overstay its welcome, QE does more harm than good. To recover for the long haul, the market must be allowed to correct the misallocations of resources that resulted from prior stimulus. Additional stimulus inhibits this process, and exacerbates the size of the misallocations the markets must eventually correct .. the Fed prevents the market from creating the things we actually need. Unfortunately, no one seems to understand that, and we continue to chase blindly after failed economic models." 2012.