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Jun 13, 2014

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We Had QE1, 2, & 3: So Where Is the Economic Recovery?

If you ask Paul Krugman, the reason there is no economic recovery is that there just isn't enough money printing from the Fed.

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"U.S. Economic Recovery Looks Distant as Growth Stalls", reads the New York Times headline.

If you ask the Times's Nobel-Prize winning economist turned columnist Paul Krugman, the reason the economic recovery hasn't arrived yet is that this just isn't enough money printing from the Federal Reserve in response to the financial crisis resulting from the bursting of the housing bubble created by Fed money printing that pushed interest rates artificially low, precisely as Krugman advocated following the bursting of the NASDAQ bubble explicitly in order to fuel a boom in housing:

FRED Monetary Base
About Jeremy R. Hammond

About Jeremy R. Hammond

I am an independent researcher, journalist, and author dedicated to exposing mainstream propaganda that serves to manufacture consent for criminal government policies.

I write about critically important issues including US foreign policy, economic policy, and so-called “public health” policies.

My books include Obstacle to Peace: The US Role in the Israeli-Palestinian Conflict, Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis, and The War on Informed Consent.

To learn more about my mission and core values, visit my About page.

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