Academics attack QE2

dollar vortex

Twenty-three academics on Monday added their voice to the chorus criticising the Federal Open Market Committee's pledge to buy $600 billion in Treasury bonds by June next year.

In a letter to the Wall Street Journal, the 23 said: "We believe that the Federal Reserve's large-scale asset purchase plan should be reconsidered and discontinued. We do not believe such a plan is necessary or advisable under current circumstances. The planned asset purchases risk currency debasement and inflation, and w

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