Quantitative Easing Compared To Powder Keg At Morningstar Conference

One of the more robust panel discussions occurred on one of the side stages at Morningstar Conference, where an honest debate took place regarding quantitative easing and volatility. The argument, in some respects, is consistent with those who see no problem with quantitative easing forever vs those that recognize at some point unconstrained money printing is an addictive drug that needs to be withdrawn from the system.

Quantitative easing is sitting on a powder keg

“Quantitative easing is sitting on a powder keg, and bad things could happen once the velocity of money takes a turn,” said...