. >> joining me now, mike konczal, writes one of my favorite blogs on the internet called rordy bomb. mike, how are you doing? >> pretty well, thanks for having me on, chris. >> mike, i want to talk about the substantiative content of this remark, such as it is, i think for people not attuned to the sort of far-right and the ron paul buggism, the comment comes out of no where. what's he referring to? >> quantitative easing, where the fed prints money and buys financial assets like bonds. the purpose is to increase demand, designed to get people hording cash back into investing and people and jobs and designed to prevent the debt burden of bad debt overhang that's really suffocating the economy right now. >> that's what's so insidious about this. so far the fed has done two rounds of printing money and the idea is as a sort of extra aide, way of stimulating the economy, outside the mechanisms of the budget and fiscal economy, why is rick perry opposed to that, what's the ideological tradition in which he opposes that? >> when we see the conservative ideology come out of the fed, there