Where’s the outrage at the ECB?
When the Fed conducts some sort of unconventional monetary policy the Ron Paul’s of the world come out of the wood work calling for the head of Ben Bernanke. The ECB creates a half-trillion euros out of thin air in a single day today and we hear barely a whisper…
Where are the cries of “currency debasement”, “hyper-inflation”, et cetera?
Funny how QE only hurts the dollar. Not the Pound or the Swiss franc or the Japanese yen. Only the dollar.
Strange, isn’t it?
On a side note, check out the slide in money supply despite the Fed’s QE….