Randall Forsyth on the great central banking experiment

The unprecedented expansion of central bank liquidity, both to spur expansion and accommodate massive fiscal deficits, constitutes an experiment to prove an untested hypothesis.  Not all experiments succeed.  Some seem promising as the outset, but negative side effects can emerge from the novel therapy.

~ Randall W. Forsyth, ""Get Ready for a Summer of Discontent," Barron's Up & Down Wall Street column, May 27, 2013