We've had QE0, QE1, QE2, QE2.5, and now QE3. Give the system a break, Bernie!
You need to cleanse all the bad debt and toxic assets from the system before the economy can have a fresh start.
Keeping printing money without getting rid of debt is like swallowing more food down to an already deeply troubled stomach.
When federal government keeps issuing bonds, and central bank keeps creating money out of thin air to buy those bonds, something has gone terribly wrong.
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