QE Infinity Won’t Work, But Here’s What Will

by Keith Fitz-Gerald.

Dallas Federal Reserve President Richard Fisher recently offered a stunning assessment about our policymaking central bankers down in Washington. They’re winging it. In a talk before a Harvard Club audience, Fisher presented a candid assessment about all the levers the Fed has been pulling in the aftermath of the 2008 financial crisis. And that includes the recently announced QE3. “Nobody really knows what will work to get the economy back on course. And nobody-in fact,…

Keep on reading: QE Infinity Won’t Work, But Here’s What Will