What Would Nock Do, from Victor Niederhoffer

June 19, 2013 |

How would Nock or the subsequent public choice economics analyze what the Fed is likely to do with the Qe2. I would think he would say that they would not wish to give up their power too quickly. They like it that every utterance and every decision cam move the market by trillions. And that it can insure that an incumbent or agrarian can stay in power. That's what I think anyway.