Quantitative Easing, Inflation & Europe in Trouble

QE3 Pretty Much a Certainty if these hacks say it isn't...

For instance Mishkin of Columbia U, (in the glasses with the smug countenance on the left, below) wrote the infamous 'everything is fine in Iceland' White Paper featuring the word 'stability' in the title & changed it to 'instability' on his CV... after the fact (i.e. the collapse of all three Icelandic banks) - while not disclosing he was paid 124k for the original piece... Ethics in Academia? But more importantly, is he credible?