Nearly all of the discussion on the Fed and the economy doesn't make much sense. Much ranting and raving from people who demonstrably don't know what they're talking about. But since nobody else knows what they're talking about either, this tripe gets taken seriously instead of getting laughed at.
The average entrepreneur knows more about "the economy" than most PhDs in Economics, who have trouble finding the faculty lounge. He/she knows that exchanging gilt-edged government debt for bad debt is a head-scratcher that must be hiding an ulterior motive. But, hey, Bernanke says we had to do it or "the system would unravel." Now that's quite a system we've got there, Helicopter Ben.
What's being revealed is that the Federal Reserve is no better than the "house" in a Vegas casino.
