You Need To Know Why QE Did NOT, And Does NOT Work

Apocryphal Einstein Quote The definition of insanity is doing the same thing over and over again, and expecting different results

First, we need to define what is meant by QE “didn’t work”.

QE as a policy is meant to generate inflation in the economy by printing money. On the surface, this sounds simple enough, after all everyone has a pretty good notion of what “printing money” means.

Unfortunately, the only simple part of that two word phrase is the word “printing”.

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