“David Einhorn Explains How QE2 Will Affect The Average American…”
“Basically, the Fed just threw away $600 + billion because QE2 “will be counterproductive,” [David Einhorn] told Rose, according to Bloomberg.
“The goal of quantitative easing right now is to raise the inflation rate. If you do raise the price of clothing, it effectively lowers everybody’s standard of living and gives them less money to buy other things.”” Read more.
“David Einhorn Explains How QE2 Will Affect The Average American In One Sentence”
Courtney Comstock
Business Insider, December 8, 2010
Image by jscreationzs / FreeDigitalPhotos.net.
