Letter Re: QE3–What Just Happened To Me?
Dear Editor: The monetization dubbed Quantitative Easing (QE) Round 3 (“QE3”) is very confusing, and there is a lot of mystery attached to the confusion. To fully understand what just happened to us I find it useful to frame the scenario in this why, and this maybe a better way to understand it for some. When I put currency somewhere(make a purchase or invest it) it is currency that I worked to obtain and represents an exchange of my labor for a specific amount of currency. This currency is representative (if I negotiate the salary correctly) of the value of …