Are the Fed's QE programs are a repeat of past failures?

Discussion in 'Economics' started by ugotdan, Nov 16, 2010.

  1. ugotdan


    Here is a link to Jeremy Grantham's opinion to the Fed's stimulus package. (1/2 hr clip)

    I have a similar view on the Fed's efforts and believe that the US should be letting their economy work through this slowly. There is no easy way out.
    Even the Fed have stated that these packages have no huge effect on the economy, so why apply them??
    I await the next bubble, then the next.....

    Is this pure insanity? Will the Fed continue to replicate past mistakes??
    Will they ever learn??

    I feel deep sorrow for those retirees that have worked all their lives, built up their supers, to be forced into this mess.......?