Bernanke's speech in all its glory: QE isn't responsible for food price inflation

The biggest and most comical element of this speech was that he claims that economic growth was a result of QE, and that commodities price increases were the cause of economic growth.  But QE2 was not responsible for commodities price increases. 

QE's good effects (growth) were because of the Federal Reserve, but the bad effects (commodities price increases) were not. 


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