The Fed’s trillion-dollar bridge to nowhere

The Hill/Andrew T. Levin/3-6-2023

The Hotel California sign“The infamous Alaskan “bridge to nowhere” was canceled following a public outcry about its $400 million cost and minuscule benefits. In contrast, the Federal Reserve’s latest program of quantitative easing, commonly known as QE4, was never subjected to any public assessment of costs and benefits.”

USAGOLD note: An appropriate characterization …… Andrew Levin, an analyst with the Hoover Institution, says QE will end up costing taxpayers nearly $800 billion. (You can check out anytime you want  but you can never leave.)

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