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David Stockman: QE2 is "high grade monetary heroine"
David Stockman former budget director in the Reagan administration, on lies the Fed is telling markets and the farce of QE:
“Some people will tell you that crack cocaine is the most incredible high ever. Okay, I say, let's concede that it is. Where does that take us?”– Juggling Dynamite (2007), p. 133
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Note to Fed: you are stimulating the wrong things
This chart of our jobless recovery to date speaks volumes:
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