Monetary Policy: The Cost of QE3

Quantitative easing began and continues in front of a computer. If you had visited the Fed when QE1 was being implemented, you would have seen several people, daily, sitting in front of a computer, selecting securities and then buying them. Keeping…

A QE2 Eulogy

Although QE2 ended yesterday, eulogies for the Fed’s $600 billion bond buying program did not focus on the qualities of the deceased and why we will miss her. Yes, some did believe that things would have been much worse without QE2.…

QE2: Pros and Cons

Reminding us that there is no such thing as a free lunch, The Washington Post has an excellent interactive summary of the pros and cons of a QE2 impact. But first…what is QE2? Through a second round of quantitative easing,…

Where is QE2 Going?

Did you ever wonder how things really happen? We read about quantitative easing and hear some gigantic number but then…what? Who does it and how? In a Planet Money podcast, journalists visit the Fed and observe how one person implements…