If you haven’t figured out QE I and QE II, hold on to your wallets because QE III has just been announced. QE stands for Quantitative Easing and it means turning on the presses to print more money. And, as we are all aware, the inevitable result of increasing the money supply is inflation.
The Fed keeps telling us that inflation is under control. But, I guess that the Fed has not been to the grocery store or the gas station lately.
Why Quantitative Easing? Because, Quantitative Easing, like raising the debt ceiling, are politically acceptable ways for our representatives in Washington to pay the bills, for the time being, without the fear of losing votes by cutting spending.
Republican or Democrat, it doesn’t matter, Washington must be brought under control. Or is it already too late?