Thursday, August 4, 2011
"The Forgotten Man" - by Frank Martin
With equities down sharply, many people are wondering if Uncle Ben and Uncle Sam will once again intervene and turn on the money spigot to prop up equities. Well, before the possible onset of QE3, it's time to consider who's paying for QE2 and all the other intervention strategies to date. The answer - along with the rarely discussed means by which these programs are being shouldered - may surprise you. Frank Martin provides thought-provoking insight in an essay called The Forgotten Man. Intended for publication in a major periodical, Frank felt time was of the essence and opted not to wait for print deadlines.
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