This is absurd argument - by such logic any influence on market is planned economy.

FED's mandate is to regulate economy, you can make a case that QEs are overstepping boundary of this mandate, but you CANNOT argue that any influence/regulation is "planned economy". I am well aware of Ron's opinions on FED, but when you stretch your argument past the breaking point it detracts from your argument, not adds to it.

Plus, I don't think "pure market economy" where only market dictates everything COULD work. It would corrupt almost instantly into oligarchy. Its unworkable, just like "planned economy".

[Linked Image]