Economics 21 Releases Letter to Chairman Bernanke Calling for Discontinuation of Quantitative Easing

Economics 21 Releases Letter to Chairman Bernanke Calling for Discontinuation of Quantitative Easing

NEW YORK, NY: Today, Economics 21 released a letter to Fed Chairman Bernanke recommending that the Fed discontinue its quantitative easing policy. Signed by 23 economic leaders, the letter notes their disapproval with a policy that risks “currency debasement and inflation” while not achieving the Fed's objective of promoting employment.

The signers emphasize the need for “improvements in tax, spending and regulatory policies must take precedence in a national growth program, not further monetary stimulus.” In addition, the letter warns that the desire for another round of asset purchases will distort markets and complicate efforts to normalize monetary policy.

The full letter can be found here at Economics 21’s website: www.economics21.org

Media Inquiries: Jen Pollom (pollom@economics21.org) or 202-232-0090

About Economics21: A new nonprofit, nonpartisan organization dedicated to economic research and innovative public policies for the 21st century. We aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law. Drawing on the expertise of practitioners, policymakers, and academics, we will encourage a spirited debate about the way forward for democratic capitalism. Visit www.economics21.org for more information.