from Unconventional Finance:
  
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 “QE4 is Little More Than LEGALIZED COUNTERFEITING” – Michael Rivero1 comment to “QE4 is Little More Than LEGALIZED COUNTERFEITING” – Michael RiveroLeave a Reply |
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“QE4 is Little More Than LEGALIZED COUNTERFEITING”
And that makes it different from any of the previous QEs… how?
It would be one thing if QE had ANY chance of working but it does not. Japan is on what now, QE9? And they are still mired in a flat tiny-growth economy that has lasted for over 20 years? My God, how much of a wrong-headed idea has to be tried before people catch on to the fact that IT IS NOT WORKING? I usually know right away when I hit my thumb with a hammer that it is a bad idea. I don’t need to try it 87 times in the moronic hope that at some point it will stop hurting and feel good again. I guess I will never make it as an economist… and that’s a GOOD thing… a VERY good thing!