Monday, June 10, 2013

Bloomberg News
Federal Reserve Bank of St. Louis President James Bullard, who has voted this year in favor of maintaining stimulus, said inflation below the central bank’s 2 percent target may warrant prolonging the “aggressive” use of bond buying to spur growth and bring down unemployment.   LINK...
They say QE adds liquidity which greases the wheels of capitalism, however when the wheels of capitalism are broken you end up just spinning your wheels and going no where. The end result has always been hyperinflation and a loss of freedom and liberty. How can you maintain a 2% inflation target and print money at the same time? Only in Wonderland.   BK