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.
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