Hedge fund guru Barton Biggs says Federal Reserve Chairman Ben Bernanke did what he had to do in employing the latest round of quantitative easing. Biggs tells Bloomberg that Bernanke is trying to get the U.S. out of the “normal deflationary death spiral that would follow a big financial panic”. But Biggs also says that while QE2 is the right move in the short term, it could result in big problems down the road.

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