Great article, Ron.

It's good to see so many members of the CFA istitute questioning the logic of these bizarre policies, which will almost certainly end in tears.

As you so rightly point out "when a government prints more money, as through QE, it acts as an inflationary force. (What exactly it inflates is a separate question.)" and their experiment is "creating massive misallocations of capital". From what I can see, they appear to routinely dismiss these crucial facts.

Thanks again.