DeLong vs. Grant: Is QE3 a Lifeboat or Torpedo?
With the U.S. economy showing signs of softness as the Fed’s second round of “quantitative easing” is set to expire, many are asking whether a third round of stimulus is in order. Berkeley’s Brad DeLong and Jim Grant, of Grant’s Interest Rate Observer, offer their differing takes on whether QE3 is a good idea.
Real Time Economics
6/16/2011 8:00:43 AM