QE: Greg Ip answers Felix Salmon’s questions. Ever wonder what Ben Bernanke, Chairman of the Federal Reserve, is really up to when he talks about quantitative easing (QE), bonds and currency? Read how financial smoke and mirrors works.
QE: Greg Ip answers Felix Salmon’s questions. Ever wonder what Ben Bernanke, Chairman of the Federal Reserve, is really up to when he talks about quantitative easing (QE), bonds and currency? Read how financial smoke and mirrors works.
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Ben is trying to inject liquidity into the system when the problem is solvency. There is just too damn much debt and it can't be paid back.
So, let's borrow more! It's the American way!