[palmer]

Don't threaten QE in a speech in 2002. That set the stage for the treasury bubble. Don't repeat the threat through 2008 causing rates to crash and exacerbate the bubble. And obviously, don't start QE.

I was under the impression you were asking what I would do now that we have started QE. QE either ends in much higher interest rates or massive inflation trying to keep them low. So my strategy was how to gradually get out of it now that we are in it. But since you are asking what I would do in the past, that's a much easier answer: no QE.

[Toddsterpatriot]

Don't threaten QE in a speech in 2002.

LOL! I thought you were blaming him for what he did as Fed chairman?

Don't repeat the threat through 2008 causing rates to crash and exacerbate the bubble.

The bubble burst before then.

I was under the impression you were asking what I would do now that we have started QE.

No. I was asking you to do things differently, since you became Fed chairman, instead of Bernanke.

But since you are asking what I would do in the past, that's a much easier answer: no QE.

And what would that have done to prevent the situation we found ourselves in?