QE undone
Quantitative easing can boost the stock market, but not the real economy—or even inflation.

Reuters

The Federal Reserve Building stands in Washington April 3, 2012. Investors are awaiting minutes from the U.S. Federal Open Market Committee's March 13 meeting that may provide clues on any potential quantitative easing.

Article Highlights

  • The 2 pillars of post-crisis recovery policy doctrine are crumbling.

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  • It is fair to claim that the United States has moved backward on policy-offense.

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  • The Fed’s quantitative easing coupled with fiscal adjustments amount to a policy-defense aimed at avoiding bad outcomes.

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QE Undone by American Enterprise Institute

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John H.
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