Quantitative Easing Explained

What people said

patrickk · 2011-03 · Recommendation

Thanks for those. Another interesting video, if you haven't seen it already - Quantitative Easing explained: [VIDEO] " Printing money is the last refuge of failed economic empires and banana republics and the Fed doesn't want to admit this is their only idea. " Don't worry, it's (partially) tongue-in-cheek. "In other words, we will see massive inflation, possible even hyper-inflation." Do governments ever learn? This is what happened in the Weimar Republic and is happening today in Zimbabwe. Where I live (Ireland), the government is trying to do option 1 and 2, without success so far. Austerity measures are hurting the economy short-term by dampening consumer confidence (fortunately, internal consumption isn't everything, as we are an extremely open economy and will pick up as exports grow.) They'd possibly be trying option 3, except the European Central Bank controls our currency and ECB rules state that a country can't run a deficit over 3% of GDP without incurring major penalties.

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tricky · 2011-01 · Recommendation

For those of us who don't know - QE is Quantitative Easing which is nicely explained in this great xtranormal video: [VIDEO]

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pywh · 2018-03 · Joke / meme

Grantham on finite growth: [LINK] Grantham on finite resources: [LINK] There was a nifty quote in Green Mars. Think it went something like "need to shift from sustainable development to sustainable prosperity". And just for giggles: [VIDEO]

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