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Thread: Itís Now Clear That QE Was a Colossal Policy Mistake

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    Itís Now Clear That QE Was a Colossal Policy Mistake

    QE along with artificially low interest rates set us up for not only unprecedented public and private debt, but the current high inflation (once COVID spending pilled on top).

    Itís Now Clear That QE Was a Colossal Policy Mistake

    Thereís no convincing evidence that central banksí purchases of trillions of dollars of bonds and other financial assets helped any economy.


    The great quantitative easing experiment was a mistake. It's time central banks acknowledge it for the failure it was and retire it from their policy arsenal as soon as theyíre able.


    Since the global financial crisis of 2008, an integral part of central banks' play book in the US, the UK and the European Union has been QE ó the practice of buying up long-term bonds and mortgage-backed securities.
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    And it was predicted.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    Yep. Any time you set floors or caps or artificially interfere with markets, distortions occur. QE caused inflation and malinvestment. As any first year economics student could predict.

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    Quote Originally Posted by LescoBrandon View Post
    Yep. Any time you set floors or caps or artificially interfere with markets, distortions occur. QE caused inflation and malinvestment. As any first year economics student could predict.
    Unless you are taught Modern Monetary Theory like AOC.
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    Quote Originally Posted by Peter1469 View Post
    Unless you are taught Modern Monetary Theory like AOC.
    I doubt that she understands that theory. She’s not a very bright woman.
    When the people find that they can vote themselves money, that will herald the end of the republic.ď - Benjamin Franklin.

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    And now the markets expect US monetary policy to be designed satisfy them. Then they expect us to save them when they royally screw up. Risk is no longer an issue to them.

    Crypto is failing and no one in our government is looking at the ones that are destroying hundreds of billions of wealth. As long as they donated to the right political party.
    Last edited by carolina73; 11-24-2022 at 02:16 PM.
    Let's go Brandon !!!

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    Quote Originally Posted by Tahuyaman View Post
    I doubt that she understands that theory. She’s not a very bright woman.
    She probably understands the basic tenant: government debt spending doesn't effect inflation or harm the economy. That was day one. She probably tuned out after that.
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    Quote Originally Posted by carolina73 View Post
    And now the markets expect US monetary policy to be designed satisfy them. Then they expect us to save them when they royally screw up. Risk is no longer an issue to them.

    Crypto is failing and no one in our government is looking at the ones that are destroying hundreds of billions of wealth. As long as they donated to the right political party.
    That was FTX's managers' plan.
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    Quote Originally Posted by Peter1469 View Post
    She probably understands the basic tenant: government debt spending doesn't effect inflation or harm the economy. That was day one. She probably tuned out after that.
    The first person I remember saying that "debt does not matter" was Dick Cheney. I remember the outrage from the left and their media about that. Now look at them.
    Let's go Brandon !!!

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    Quote Originally Posted by Peter1469 View Post
    She probably understands the basic tenant: government debt spending doesn't effect inflation or harm the economy. That was day one. She probably tuned out after that.
    What she believes is the more government takes power, the better things will be.
    When the people find that they can vote themselves money, that will herald the end of the republic.ď - Benjamin Franklin.

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