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Paul Krugman thinks we need more QE. Not just a little bit more. About 8-10X more than current projections!
Richard Koo’s head must be spinning. No, no, we haven’t failed, it’s just that we haven’t tried hard enough!
Krugman’s idea is the equivalent of a shopkeeper who thinks he can scream about the loads of new apples he is putting on the shelves while creating a stir in the marketplace that will ultimately result in higher sales. It won’t work in the long-run.
Of course, this is all very ironic given Mr. Krugman’s...
More government stupidity:
Why America will come out on top in the coming debt crisis
The Fed's latest plan could have a terrible unintended effect
Top analyst Rosenberg: The Federal Reserve just admitted it's running a Ponzi scheme
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