bobbyw24
08-18-2011, 11:17 AM
Apologies for the long absence – I have a big story coming out tomorrow (definitely come back to rollingstone.com tomorrow around this time) and spent most of last week bogged down in the fact-checking process. I’ll have more on that piece when it comes out.
http://assets.rollingstone.com/assets/images/blog_entry/1000x306/e144a863e60dc8d6ead247f1feb3d1d239c65d5f.jpg
Lots of stuff going on this week, including many dire predictions about the economy, but the most interesting thing I saw in the last days was the sudden appearance of Quantitative Easing as a campaign issue. For those who don’t remember QE, this is a magical money-printing program the Fed has been using two years in a row to artificially prop up the economy (well, parts of it, anyway). “Helicopter Ben” Bernanke has printed a couple of trillion dollars, just waved a wand and invented them, then used those funds to buy things like mortgages and t-bills.
http://www.rollingstone.com/politics/blogs/taibblog/rick-perry-vs-ben-bernanke-round-one-20110816
http://assets.rollingstone.com/assets/images/blog_entry/1000x306/e144a863e60dc8d6ead247f1feb3d1d239c65d5f.jpg
Lots of stuff going on this week, including many dire predictions about the economy, but the most interesting thing I saw in the last days was the sudden appearance of Quantitative Easing as a campaign issue. For those who don’t remember QE, this is a magical money-printing program the Fed has been using two years in a row to artificially prop up the economy (well, parts of it, anyway). “Helicopter Ben” Bernanke has printed a couple of trillion dollars, just waved a wand and invented them, then used those funds to buy things like mortgages and t-bills.
http://www.rollingstone.com/politics/blogs/taibblog/rick-perry-vs-ben-bernanke-round-one-20110816