“We don’t need QE, we only need it the way a heroin addict needs heroin. It’s not good. It’s better to go through withdrawal and get the heroin out of your system. But we’ve got an economy that’s completely dependent on QE. That’s why it’s so screwed up. We need to break that dependency, but the Federal Reserve doesn’t have the stomach for that. So they are going to keep on ‘fixing’ us with more and more damaging doses of QE.”
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