It seems to me quantitive easing is in effect no different to the stupid credit boom we have just been through.
The boom created immaginary wealth and devalued real money. Borrowed money was competing against those with 'real' cash thus artificially raising goods/services/assets e.g. house prices.
So what is the difference?
The boom created immaginary wealth and devalued real money. Borrowed money was competing against those with 'real' cash thus artificially raising goods/services/assets e.g. house prices.
So what is the difference?
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