For years, conservatives and libertarians have railed against the Federal Reserve's controversial three rounds of "quantitative easing" (QE for short) that pumped $2.8 trillion through its $85 billion monthly bond-buying scheme.

However, a new Reuters/Ipsos survey finds that 73% of Americans do not know what the phrase "quantitative easing" even means.

Quantitative easing is when the Federal Reserve buys securities to drive down interest rates and prop up the economy.

The survey offered respondents five answer options. Twelve percent of Americans thought QE was a computer program used by the Fed to manipulate the dollar. Eleven percent thought it was something related to Dodd-Frank Wall Street reform.

Two of the most commonly selected incorrect answers at least dealt with Federal Reserve policies. Still, says Northern Trust chief economist Carl Tannenbaum, "the Fed at times has not done a very good job of explaining what it is up to. It's also fair to say that the state of financial literacy in the United States offers important room for improvement."

Read more:http://www.breitbart.com/Big-Government/...ve-Easing-Means

They'll know what it is when their interest rates go through the roof and a loaf of bread is $18.

I suspect that the percentage that even know that the Fed is a private banking cartel (controlled by global interests) is even lower.

And perhaps an even lower percentage understand the damage that has been done by for the past 100 years...

Quote: FP123 wrote in post #3

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I suspect that the percentage that even know that the Fed is a private banking cartel (controlled by global interests) is even lower.

And perhaps an even lower percentage understand the damage that has been done by for the past 100 years...

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I thought quantitative easing meant to buy more green ink. And lots of it.

Quote: FP123 wrote in post #3

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I suspect that the percentage that even know that the Fed is a private banking cartel (controlled by global interests) is even lower.

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Quote: sneakypete wrote in post #6

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Quote: FP123 wrote in post #3

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I suspect that the percentage that even know that the Fed is a private banking cartel (controlled by global interests) is even lower.

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I've had people do everything but call me a liar when I tried to tell them this.

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I always thought it was printing more worthless money...ya live, ya learn.

Quote: Just Ducky wrote in post #8

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I always thought it was printing more worthless money...ya live, ya learn.

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