I am sure Mr. Denninger will comment on this and I will update
UPDATE: His response was simple. Our fiscal conservative says something that sounds like he opposes QE but he votes the exact opposite of his claims. In other words, everyone knows the disaster we face, but no one will do what needs to be done.
I started reading the Market Ticker around the time of the ’08 collapse and the message has been clear: government policies are leading to disaster. Now we have a member of the Federal Reserve Board saying so, too.