Tuesday, April 26, 2011

Ryan Avent thinks QE2 was helpful

Ratio of employed people to total population 

Ryan thinks the QE was a big help in changing the employment ratio. See that little upward trend, from Oct 2010 until today?  I mean, bullshit.  That upward trend is so buried in the noise that no economist worth his salt is going to get a high correlation coefficient.

Ryan makes other claims about a slight upward tick in growth, but we all know that money is unstable, because of QE2, so we really do not know what happened to real growth.  Ever since QE began, revisions needed to get real growth have been larger and longer in coming.

QE was bullshit.

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