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But we saved everything 🙂.
Meb Faber highlights a quote by Ben Bernanke, stating that the problem with quantitative easing (QE) is that it works in practice but not in theory. The comment draws attention to the divide between practical outcomes and academic models in monetary policy.
Faber has previously criticized high retail trading costs, calling Fidelity’s $100 commissions “morally bankrupt” in a recent commentary on brokerage fees. He has also discussed the potential for persistent inflation, citing concerns that COVID’s economic impact could lead to decades-long price pressures in an earlier statement. His observations often focus on the practical implications of financial policy decisions for investors.