Great weekend reading (even though the article was published during the week) from the excellent Mark Dow. He hits on sensitive points guaranteed to upset a few constantly parroted fixed views:
- The Fed does not control the money supply.
- QE is not “pumping cash into the stock market”.
- QE has not created hyperinflation, and there is no conspiracy to understate the inflation rate.
- QE is not the reason we have high oil/gasoline prices.
- QE has not debased the dollar.
