December 09, 2013
NPR used the phrase “massive” stimulus in describing the Fed’s quantitative easing policy in its top of the hour news segment on Morning Edition. It is arguable whether the stimulus is “massive.” There is certainly a plausible argument that the stimulus is too small since unemployment remains high and inflation is running below the Fed’s 2.0 percent target. NPR could have saved time and increased accuracy by just referring to the program as “stimulus.”
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