It is unproven and not provable that the statement "It's obvious to me he knows infinitely more about economics and credit markets than ANYONE I can think of currently serving in the Obama regime." is true and much evidence that it is false yet you read it here. Opinions are like assholes and concerning the post I quoted they are the same.
Do you have anything intelligent to say on monetary policy? Fuck, why am I asking you this, I already know the answer....
Exactly, what he was saying is that the fed has very little control over unemployment, so in an attempt to get that down/grow the plant, they are flooding the entire back yard, knowing the plant will absorb some of that water no matter how infintecimally small it is. Sure the plant will get some water but in the meantime you fucked your whole backyard.