Quantitative easing explained

Even as a trained economist, I kind of keep wondering what the hell the Federal Reserve is doing in the States. Makes no sense though imagine they are trying to stave off a similar crisis that we’re seeing in Ireland and that is threatening to spread to the rest of Europe. Anyhow, if you’re confused by the whole thing, there’s nothing like cute cartoon animals to explain it to you. Bit long, but great.

via ZeFrank