2010’s Best Hedge Fund Manager: Bring on QE3

Don Brownstein: ”

Some Federal Reserve members and lawmakers, acting the part of “modern day ‘Know-Nothings,’” have been “raving about imaginary uncontrolled inflation and wringing their hands over government deficits.”

The Fed has room to use additional asset purchases to stimulate the economy and create moderate inflation to aid indebted consumers, as Bernanke signals he’s ready to spurn “inflation-obsessed fanatics.” Lawmakers shouldn’t “freak out” about deficits with the economy weak.”

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