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I posted this link on Tom Wood’s page on FB and he directed me over here to Jeffrey and anyone else who might want to weigh in. This lady correctly asserts that QE3 won’t help but has different reasons for why it won’t than the Austrian school of thought and offers other suggestions about how to improve the economy, including the literal helicoptering down of money.
She also states repeatedly that the only reason we have inflation and stock market surges is not because the money supply has increased (she claims it hasn’t because any money created by QE doesn’t get lent out), but because of the psychological *expectations* of what QE is supposed to do.
Anyway, here is the link. I’d appreciate help in understanding why she’s wrong. Thanks!