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by imtringued
1083 days ago
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>You're arguing with economics here... Japan did absurd amounts of QE and low interest and all they got was less inflation than the rest of the world. Your referenced article is also ignoring the obvious elephant in the room which is the opposite of monetary policy. The US government and governments in Europe did a lot of fiscal policy. The stimulus checks and loans were a far more effective way of increasing inflation than monetary policy can ever be, because monetary policy can be reversed by the private sector and therefore make it ineffective at achieving any outcome. QE for example, is a meaningless operation. It has no reason to exist. |
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