Monday, September 17, 2012

The Father of QE3

Now that QE3 is nearly upon us, it is worth understanding the rationale behind it from the man responsible for developing the views of policymakers. Tyler Cowen, the man responsible for giving prominence to his ideas declared September 13 "Scott Sumner Day" after the US Federal Reserve announced that it would engage in a third round of quantitative easing. Here is the man responsible for this new course of action by the Fed:

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