VIDEO: Fed-Hating Jim Grant Debates And Subsequently Destroys QE-Loving Brad Delong On The Merits Of QE3

WSJ Video - DeLong vs. Grant: Is QE3 a Lifeboat or Torpedo? - June 16, 2011

Berkeley's Brad DeLong and Jim Grant, of Grant's Interest Rate Observer, offer their differing takes on whether QE3 is a good idea.

Set aside a few minutes for this debate.

Delong is an economic imbecile who wants $6 trillion of new QE, and showed up here at the Daily Bail to argue his case after we annihilated him last year, and then when we followed him back to his site, he deleted our arguments...

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Delong's disgrace:

And You Thought Bernanke Was Bad: Brad Delong Fantasizes About Replacing Him With A $6 Trillion Quantitative Easer

Comments

[DailyBail]

Economists give their eulogy for QE2

http://www.marketwatch.com/story/economists-give-their-eulogy-for-qe2-2011-06-22

[DailyBail]

Who really benefited from QE2 anyway?

Commentary: Wall Street made out, Main Street largely missed out

http://www.marketwatch.com/story/who-really-benefited-from-qe2-anyway-2011-06-22

[Wil Martindale]

QE3 is coming. What you will be "shown" publicly will look smaller than QE2--what will be happening, interbank, will be larger.
There is no sense debating it, or worrying about it - it is coming.

And the only thing that will stop it, (or QE4, QE5 or whatever) is called "freegold". I don't like the name of it, as it sounds different than what it is, but it too is coming. It always does. You just need to go further back in history to see it.

[DailyBail]

CHICAGO (MarketWatch) — Treasury prices slipped Wednesday as the Federal Reserve held rates steady and cut its forecast for economic growth while lifting expectations for higher inflation and unemployment.

http://www.marketwatch.com/column/bond-report

[DailyBail]

NEW YORK (MarketWatch) -- U.S. stocks snapped a four-day winning streak Wednesday, stumbling late in the session after the Federal Reserve issued a cautious economic outlook just days before it ends its asset-buying program.

http://www.marketwatch.com/story/us-stocks-falter-ahead-of-fed-statement-2011-06-22?dist=afterbell