Revised Cartoon: Bernanke and the Federal Reserve’s Quantitative Easing
[Ed. note: This post promoted as it scrolled off the page far too quickly today and deserves far more consideration and discussion.]
Many viewers have seen a cartoon of bears discussing — and ridiculing — Ben Bernanke and the Federal Reserve’s so-called “quantitative easing.” Here’s that original. However, while amusing, the cartoon drew serious criticism from Fed observers for not providing a fair assessment of the effort.
As a result, economist and frequent FDL contributor Dean Baker and the folks at the Center for Economic and Policy Research helped revise the cartoon to deal with the criticisms. Here’s the revised version.
More: “Quantitative easing” is the wrong term: Text of Bernanke’s speech explaining the Fed’s program, November 19, 2010