The predictions made to Rand Paul, Ted Cruz, Paul Ryan and others back in 2009-2010 was that QE would lead to inflation and high nominal interest rates. Now they are complaining that it has led to low nominal interest rates, dollar “volatility”, a “destabiliz[ed]… financial system” and “distort[ed] investment”. You would think that by now … Continue reading Evening Must-Read: James Pethokoukis: Did the Fed’s QE Boost the US?