Quantitative Easing is Economic Suicide

November 3, 2010
Quantitative Easing is Economic Suicide

http://www.realclearmarkets.com/articles/2010/11/03/quantitative
_easing_is_economic_suicide_98740.html

excerpt:
Understand the enormous "rewards" which a government receives for lying, by grossly under-stating the rate of inflation. Payouts on $100's of billions of U.S. government benefits per year are indexed to the rate of "official" inflation. By grossly understating inflation (and cheating all of the recipients of those benefits), the U.S. government can get an instant, multibillion dollar windfall from that one lie, alone (every year).