I could spend this blog post crowing about the Fed’s recent decision to print more money (er…uh…quantitative easing round three or QE3, as it is termed), but since I have found
that I am not alone in my doubts about its
effect on the economy, I will instead share links to others who echo these sentiments:
It punishes saving, .
It benefits the rich, says reporter Robert Frank of CNBC.
It creates a liquidity trap, says Peter Fisher of the Financial Times.
It does not resolve uncertainty in the economy, says Charles Gasparino of the New York Post.