EconoMonitor Highlights: Base Jumping

In the wake of a divisive U.S. election, factions within each party disagree on how to address the looming fiscal cliff, driven by a vocal base. Meanwhile, the eurozone periphery and core stumbled onward like two mismatched friends in a three-legged race, to place a new metaphor into currency.

Throughout the week, EconoMonitor commentators presented a panorama of the global effects of QE3:

“That is the lesson Chairman Bernanke should have learned from Japan: if you don’t ramp up the fiscal stimulus, and keep it ramped up until a full blown recovery has occurred, you will remain trapped in recession.”

—L. Randall Wray, Dymystifying Quantitative Easing

And now, the best of the rest …

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