Re:What Economists Still Don’t Get About the 2008 Crisis
by neilwilson on Tuesday July 31, 2018 @12:45PM
(#17654698)
"To me the biggest mystery about the 2008 crisis is why so much QE has resulted in so little inflation."
Because what you call money is just a 0% permanent bearer bond to anybody not in your currency area.
QE is just a swap from interest paying savings to non-interest paying savings. If you're scared, you don't need paying interest to save, and anybody without a good index linked state pension to look forward to is scared.
Because what you call money is just a 0% permanent bearer bond to anybody not in your currency area.
QE is just a swap from interest paying savings to non-interest paying savings. If you're scared, you don't need paying interest to save, and anybody without a good index linked state pension to look forward to is scared.