As the Russian Proverb goes: There is nothing more permanent than a temporary solution. Quantitative Easing was introduced to buy central bankers time so they could fix the structural problems in the economy. But quickly, QE became the solution to every possible economic hiccup. Temporary QE has now become the permanent problem which has juiced asset prices, created epic amounts of private debt, and left most of us poorer… Ross Ashcroft is joined by Professor Richard Werner, who first coined the term Quantitative Easing, to discuss what went wrong.
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