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Home>Opinions and Analysis>Tilting At Windmills: The Faustian Folly Of Quantitative Easing

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Tilting At Windmills: The Faustian Folly Of Quantitative Easing

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Steve Keen

Debt Deflation

Published : February 16th, 2016

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FOLLOW : Central Bank Federal Reserve Fight Georgia Getty Quantitative Easing

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Category : Opinions and Analysis


	Tweet Tweet As I explained in my last post, banks can’t “lend out reserves” under any circumstances, which undermines a major rationale that Central Bank economists gave for undertaking Quantitative Easing in the first place. Consequently, the hope that Bernanke expressed in 2009 is “To Dream The Impossible Dream”: To dream the impossible dream To fight the unbeatable foe To bear with unbearable sorrow To run where the brave dare not go Former Chair of the Federal Reserve Ben Bernanke listens while US Secretary of the Treasury Jacob Lew speaks at the Brookings Institution July 8, 2015 in Washington, DC. AFP PHOTO/BRENDAN SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images) Click here to read the rest of this post.

Source : www.debtdeflation.com

Data and Statistics for these countries : Georgia | All

Gold and Silver Prices for these countries : Georgia | All

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Steve Keen 13 abonnés

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Steve Keen is associate professor at the University of Western Sydney School of Economics and Finance. As an economist, he does something very unusual : he treats money seriously, and as a result he gets a very different result on how the economy operates.

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