Thursday, January 27, 2011

Is There a Conservative Case for QE? - Robert P. Murphy - Mises Daily

Is There a Conservative Case for QE? - Robert P. Murphy - Mises Daily: "Many rank-and-file conservatives are recognizing that it makes no sense to lambast Obama's fiscal-stimulus package in one breath and praise Bernanke's monetary stimulus in the next."

"if spending were really the trick to having a growing economy, then the world would have eliminated poverty long ago. No, it's production that is the real obstacle; consumption can take care of itself."

"Beckworth actually calls a policy designed by a guy appointed by the president, running an institution that sits atop a cartel of the nation's banks, 'market-based.'"

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