If the Occupy movement wants to make substantial progress in liberating themselves from the tyranny of the 1%, they need to realize the fundamental cause of the massive wealth inequality we have.
Economic freedom in the United States has plummeted to an all-time low. The United States’ ranking has dropped to 18th place after having ranked 3rd for decades up to the year 2000.
On Thursday, the Federal Reserve announced the beginning of a third round of monetary stimulus since the start of the financial crisis.
On Thursday the Fed announced it would buy $40 billion a month in mortgage-backed securities, and maintain interest rates at zero at least until 2015.
The expression "QE2" became a "ubiquitous nickname" in 2010, usually used to refer to a second round of quantitative easing by central banks in the United States.
The libertarian is calling the QE3 plan a detachment from reality.
Many economists believe that the Fed needs to take decisive action in order to improve economic conditions.
Not only is the Fed out of ammunition with which to fight high unemployment, it may have outlived its usefulness.