What Caused Commodity Prices to Rise Before QE?
October 01, 2012 at 20:58 PM EDT
If QE causes commodity price inflation, what caused commodity prices to rise before QE? It never ceases to amaze me that critics of quantitative easing fail to remember that commodity prices were rising well before the Federal Reserve engaged in quantitative easing: (click to enlarge) If anything, commodity prices have been moving generally sideways since [...]