Sunday, December 5, 2010

Quanititative easing explained

I am posting this for it's entertainment value. I don't know how accurate it is but it is entertaining. I know a lot of stuff but I admit I am not an expert on monetary policy or the Federal Reserve. (Hey, I try, but I can't be an expert on everything.) When I heard about the Feds' inflating of the money supply, called "quantitative easing," I did not find it reassuring. Creating a lot of money out of thin air does not sound too smart to me, but what do I know. This video explains it. Now, I understand it. Enjoy.

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2 comments:

  1. Make sure you check out part 2, the QE 2 video, it has a little more info.
    It is almost textbook, if they are even using one anymore.

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  2. Great video, it does explain exactly how we are getting ripped off! More people need to see this, thanks for posting!

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