"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The Fed Wants you to Beg for QE3
Submitted by Michael Dunn on Wed, 2011-10-05 00:00
"If we demand stimulus measures out of fear just to slow the Dow hemorrhaging, then the Fed is able to deflect most of the blame when such measures eventually go awry. The American people become the cause of dollar destruction, instead of the Fed, and this blame will permeate into international opinions and world views. Make no mistake, QE3 is the end of the line, and it will be announced, or at least quietly enacted. "
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