THE BASIS POINT

Quote of the Week: Grant’s Interest Rate Observer Editor On Quantitative Easing

 

Amidst all the quantitative easing chatter, the quote of the week has to be from Grant’s Interest Rate Observer editor Jim Grant (who defines his 27-year old publication as the financial-information medium that least resembles CNBC):

“Quantitative Easing is one of these PhD approved euphemisms that doesn’t really convey the essential point … ‘money printing’ would be so much a better step in the direction of intellectual hygiene. These people talk about quantitative easing as if they didn’t mean to debase the currency over which they have temporary control.”

 

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