QE3   A Political Action
Channel: The Philosophical Angle
Date: 2012-09-24

The Federal Reserve initiated their Quantitative Easing iteration number 3 (QE3) and it has caused some controversy.  Although the purpose and rationale of QE3 is to lower interest rates which would hopefully help the economy, such as by stimulating the housing market, and ultimately promote employment.  However, upon analysis, it will cause untoward inflation of commodity prices causing a detrimental effect on the economy.  QE3 can only be understood as a political move just before a presidential election thereby corrupting the Fed's purpose and independence.