Why QE3? Because Bernanke Says 25 Million Unemployed is a Tragedy

Why QE3? Because Bernanke Says 25 Million Unemployed is a Tragedy

Fed Chairman Ben Bernanke said that the Fed would probably engage in another quantitative ease. This is the third time since 2009 that the Fed has engaged in a radical maneuver to stimulate growth in the economy.

Except it never works. All it does is devalue the money that you have, and artificially inflate the prices of hard assets you own.

Chump reporters yesterday parroted the, “Dow Jones Industrial Average was up on the news yesterday by 90 points.”, without thinking about why. The reality is the Fed is out of bullets and yesterday’s announcement will do nothing...