Bernanke floated the idea of QE2 around the 1st of August.
Since then most commodities, stocks, and bonds have increased in price.
Gold on August 1 was $1182 and today it is $1395 is but one example of how QE2 affects prices.
So as I see things Bernanke is making like worse for those whose income is shrinking. Their cost of living is going up, but their incomes are not.
This is why tax cuts are a preferable way to handle recessions. The individual’s incomes are not hurt as much in a recession when a tax cut is enacted.
>>Gold on August 1 was $1182 and today it is $1395 is but one example of how QE2 affects prices.<<
Gas in our area was 2.49 to 3.09 in the same time frame.