General Discussion
In reply to the discussion: Bernie Sanders Fed Audit (prepare yourself to be ticked off) [View all]quaker bill
(8,226 posts)It is supposed to flood the market with money. It does. What business people do with it is really not under the control of the FED. That said, if QE I or QE II had actually worked, we would not be on the edge of QE III.
Another thing QE does is drive gold bugs into a frenzy. Every time they do it the gold bugs think the currency will collapse. It doesn't and it won't. I expect they will not do QE III. The FED has been looking at every excuse in the latest numbers to avoid it for about a year now.
What is needed is fiscal policy, not monetary policy. The pedal has been to the metal on monetary policy for 3 years now, with scant effect. However we have to get rid of a whole bunch of t-party wackaloons in November to have any hope of a fiscal fix.