QE = "Sugar High"

Romney Calls Fed Move ‘Sugar High’

Excerpts:

Republican presidential candidate Mitt Romney, in his most explicit criticism of the Federal Reserve’s recent moves, on Friday said the central bank was offering the economy nothing more than a “sugar high” that would cause pain for everyone from savers to the U.S. dollar down the road.

... “Recognize that as the Federal Reserve keeps on trying to stimulate the economy by printing more money that there’s a cost to that,” Mr. Romney said. “The value of your savings goes down. People who are living on fixed incomes don’t see much interest income any more. And the value of the dollar goes down and the risk for long-term inflation goes up. There’s real cost to these stimulative print-more-money policies. The real course ahead for America is to encourage the growth of our economy not just to go out there and print more money.”

Comment: Did  you ever do this when you were a kid? Pop a sugar cube in your mouth. If so you understand the analogy.