Quantitative Easing Explained — The-smarter-than-us set says these teddy bears in this YouTube video just don’t get how our monetary system works. They insist that the fed isn’t printing money — merely buying back bonds from Goldman Sachs — and that we really are in a deflationary spiral. Really.
One is starting to suspect that our wizards of finance are more like the Wizard of Oz. Pay no attention to the man behind the curtain. Pay no attention to the price tag on the package of bagels.