“I’m sorry, America,” writes Andrew Huszar, formerly of the Federal Reserve, where from 2009-2010 he was in charge of “Quantitative Easing” — also known as “buying huge amounts of bonds with money created by the Fed for that purpose.” (For a good explanation of what that actually means, you might want to check out this Planet Money piece from 2010.) In an opinion piece published by the Wall Street Journal, Huszar concludes that QE (as the cool kids call it) was (and remains) a mistake. [More]
