Economist Robert Barro joins the chorus of voices against QEII:
My conclusion is that QE2 may be a short-term expansionary force, thereby lessening concerns about deflation. However, the Treasury can produce identical effects by changing the maturity structure of its outstanding debts. The downside of QE2 is that it intensifies the problems of an ( Read more... )

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For those of us who remember, the Clinton administration was full of Goldman-Sachs people, too. Most notably: Robert Rubin. Rubin argued against the regulation of derivatives, earning rare criticism (in hindsight) from Clinton. Rubin correctly noted that people who invested in derivatives needed to understand the risks and regulations were more ( Read more... )