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News Link • Economy - Economics USA

Was QE3 Too Much Too Soon?

• http://www.thedailybell.com,
 There are other dialectical approaches used by the power elite to control the argument regarding the purpose of central banks. The biggest one is the battle between hawks and doves.

We are always led to believe that there are two camps within central banking: those who believe in easy credit and those who are in favor of tightening. By portraying central banking this way, the powers-that-be are essentially trying to co-opt the way people think about money production.

We are to consider that there can be too much money or too little money produced by monopoly fiat central banking. But we are not to consider whether a man-made mercantilistic facility should be involved in manufacturing money in the first place.

Here's some more from the Reuters' article:

In discussing his views on more monetary stimulus, Bullard said, "We should take a little bit more (of a) wait-and-see posture." His comments, in an interview with Reuters Insider, highlight potential dissent on the Fed's policy committee next year when he will be a voting member.

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