Detailed text transcripts for TV channel - MSNBC - 20130918:14:20:00
I shouldn't say that. people smarter than me know. but quantitative easing means -- >> the fed is buying $85 billion worth of treasury securityies ad agency bonds, each month to help lower interest rates on long-term debt, mortgages and so forth. it can ease back to 80, then 75, then 65 that way. while this is good for you in the short-term and it's helpful, longer term, it creates distortions and problems in the economy that themselves create problems down the road. it's like giving someone a painkiller after a tooth ache. you don't want them to decide they'd like to be on painkillers forever...
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