Quantitative Easing: Explained

Posted by on Nov 17, 2010

Castro recently came out and condemned “QE2″.

Not the boat. But the sinking ship that some are calling the Fed’s recent policy of Quantitative Easing AKA Printing Money. (I do wish that Economists/Accountants/Lawyers would call things by their proper names – they think they justify their existence by making us feel inadequate when they start speaking in their “special” codes).

Perhaps I have always misjudged Castro. Up to this point I had him in the “crackpot dictator” category. Which of course he is, but underestimate such men at your peril and I feel suitably chastened. His views (if they indeed were penned by him) were eruditely put.

Not, however, as well put as this piece of genius. Have a little watch of this: http://www.youtube.com/watch?v=PTUY16CkS-k

It may be a cartoon. But it is no joke.