In the latest episode of AEI’s podcast Banter, hosts Stu James and Andrew Rugg sit down with AEI economics researcher Daniel Hanson to discuss the Federal Reserve’s latest round of quantitative easing. If you know nothing about it, you’re in good company. Andrew spends most of the podcast trying to understand what exactly QE3 is. Daniel carefully walks through the theory and practice of how the Fed is trying to kick start the US economy, providing his own hesitations about the effort. By the end, Andrew has a shadow of a hint of an idea about what QE3 is. Success! We hope you will as well. Stu and Andrew start the episode with a special round of Different Universes. Enjoy!