I'm pretty smart, but frankly there are a few things in the world I don't understand. Economics is one of them. I struggled through Econ 110 in college, which, for the record, I took for fun. Don't ask. It's the rare day I understand any decisions the Fed makes and their recent decision to do some "quantitative easing" by buying $900 BILLION worth of bonds to kick start some economic growth definitely has me scratching my head as my eyes glaze over.
So imagine my surprise when I stumbled upon this fantastic video explaining the whole process. Not only is it educational, it's funny too!
Enjoy! And if you read LMS via email, click here to visit the site and watch the video.
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