DeLong vs. Grant: Is QE3 a lifeboat or torpedo?
With the U.S. economy showing signs of softness as the Fed’s second round of quantitative easing is set to expire, many are asking whether a third round of stimulus is in order. Berkeley’s Brad DeLong and Jim Grant, of Grant’s Interest Rate Observer, offer their differing takes on whether QE3 is a good idea.
Source: The Wall Street Journal, June 16, 2011.
More on this topic (What's this?)
Anticipating The Rate Hike (Disciplined Approach to Investing, 8/14/15)
Rising Interst Rates Historically A Positive For Equity Returns (Disciplined Approach to Investing, 9/3/15)
U.S. Economy: This Number Suggests the United States is on the Verge of Economic Collapse (Jutia Group, 7/11/15)
2 comments to DeLong vs. Grant: Is QE3 a lifeboat or torpedo?