Paul Krugman Deconstructs Martin Feldstein's Critique of Quantitative Easing

Since I had starting thinking of what I could write myself about Martin Feldstein’s Wall Street Journal op-ed “The Fed’s Needless Flirtation With Danger,” I am able to appreciate what a good job Paul Krugman did in analyzing Martin’s op-ed. 

You can see my response to an earlier Martin Feldstein anti-QE op-ed here:

QE or Not QE: Even Economists Needs Lessons In Quantitative Easing, Bernanke Style.