George Will On U.S. Monetary Policy

A reader tipped me of this interesting article from George Will. Most of the points he makes have been made by me previously, such as the Fed's trickle down economics, but it is interesting that they are advanced by a prominent columnists and by some Fed officials that he discusses the subject with. Presumably these officials aren't too happy about Bernanke's decision to enact QE3, or QE5 if you count the two "twist"-operations.