But it got Obama re-elected, and that was its intended purpose.

Via Breitbart:

Yale University senior fellow and former Morgan Stanley chairman Stephen Roach says that “zero interest rates and quantitative easing are the time bomb that’s really ticking… that worries me a lot.”

Mr. Roach made his comments last week at a panel discussion for the Rand Corporation’s Politics Aside conference in Santa Monica, California.

“The monetary policy and mistakes that were made beginning with Alan Greenspan and continuing with Ben Bernanke played a critical role in setting us up for this monster crisis,” he explained.

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