Love Napolitano, id like to hear about everyones thoughts on QE3
I don't think this latest Fed action does anything more for the economy than the previous rounds did. It's just an added reminder of how screwed up the economy really is and that the U.S. is much closer to resembling Japan of the past two decades than is generally recognized.
It just perpetuates the inequality that is building up in the U.S. and it is a real long term risk for the health of the country.
