As we noted previously, many of the critics of QE2 have put together a pretty awful track record ^[1] of analyzing markets, economy and the Fed.

QE2, for better or worse, has legitimate reasons for criticism, but unfortunately, many current critics ^[2] are merely spotlight seeking media whores ^[3] who are rather uninformed as to the workings of the Fed.

To clarify these misunderstandings, the Federal Reserve has elected to explain the meaning and purpose of monetary policy. They have chosen to do so in a way that is at the appropriate level for at least some of their critics: Comic Book form.

Full embed of Comic PDF after the jump . . .

How the Fed makes monetary policy, and how the tools of monetary policy work. Revised Maximum 34 copies. 24 pp.

>

The Story of Monetary Policy ^[4]