Date: 2009-03-19 07:04 am (UTC)
I don't know about so many groups thinking it's a bad idea, here's a breakdown of some more, er, conventional economists on the Fed's move.

http://economix.blogs.nytimes.com/2009/03/18/economists-reactions-to-fed-announcement/

Keep in mind that Karl Denniger, who I don't believe is actually an economist, is consider a kook by many. He's a permabear who has been going on about the end of the world for quite a while, I would have loved to see his pre-Y2K postings but they're not available.

He also believes there's no peak oil problem (because he's a big fan of shale oil), thinks we need to round up all illegal aliens and deport them, doesn't believe in global warming, etc etc.
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