Nik L Wrote:
Jan 30, 2013 7:10 AM
I suspect that most people are not alarmed about QE because either, they do not understand what QE is/means (in this regard, the pols and MSM have not been helpful), or they do not believe the explanation when they are told, or the alternatives sound worse, or they believe that government will take care of them, regardless (which the pols and MSM have reinforced). If the public understood that QE is the practice of the US Treasury selling debt to the Federal Reserve, with the Federal Reserve using funds created on a computer to make the purchases (and booking the debt as assets), they would wonder why Bernanke is not in jail with Bernie Madoff.