The public policy blog of the American Enterprise Institute

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Discussion: (2 comments)

  1. Seattle Sam

    Basically your contention is that on Tuesday investors believed they would continue to drink forever, but on Wednesday they realized that they would have to stop?

  2. I think Bernanke knew exactly what he was doing. He didn’t want QE to turn into another scandal. A lot of people did not understand that the Federal Reserve is pumping up the market…the gains are not in response to increased productivity resulting from free enterprise. I think he is taking the heat now so Obama won’t have to. It’s called controlling the conversation.

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