With the Fed's second round of quantitative easing expiring, and few signs of stable recovery, Brad DeLong, professor of economics at the University of California, Berkeley, and Jim Grant, of Grant's Interest Rate Observer, debate whether the Fed should initiate another round, QE3. DeLong starts things off by arguing that more quantitative easing is what Milton Friedman would recommend. From the Wall Street Journal:
Posted
06-17-2011 2:55 AM
by
Graham Griffith