Tuesday, October 19, 2010

Fed's Lockhart: Quantitative easing must be big

Infinity (), while technically is not a number, suggests a quantity without bound. Infinity in terms of quantitative easing implies printing as much money as it takes to stabilize the imploding debt pile without having to officially recognize default. 'Big' suggests a finite limit, while whatever it takes to get the job done, a more accurate assessment of strategy being pursued, is far more ambiguous and difficult to explain.

"If we're going to pursue another round of quantitative easing, it has to be a large enough number to make a difference," Lockhart said in an interview on CNBC.

Source: finance.yahoo.com

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