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Re: jbog post# 110902

Tuesday, 12/14/2010 6:43:00 PM

Tuesday, December 14, 2010 6:43:00 PM

Post# of 257266

considering it isn't working at all.



What do you mean it isn't working. It is working right now. The ultimate goal of the program is to increase inflation to 2% target, or increase the expectation of inflation. It is working as intended. Whether it is good or bad is a different matter.

The problem with public policy is one can only adopt one at the same time. It will never settle the argument that it would be better if the Fed had adopted the other option as many suggested.

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