Understanding Quantitative Easing and the Risks to Our Economy
Posted by Jeffrey Miller on Thursday, August 22, 2013 at 12:00 AM
By Jeffrey Miller / August 22, 2013
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The bursting of the housing bubble in 2007 and the proceeding financial crisis drove the US economy into the worst downturn since the Great Depression. The Great Recession, which lasted from December 2007 through June 2009 (this's what the National Bureau of Economic Research tells us, anyway), brought on the creation of new and unprecedented monetary policies by the American central banking overlord, the Federal Reserve. The most scrutinized of these new programs is the Fed’s asset purchasing program known as “Quantitative Easing” or simply, QE. Well, what...