The Idiotic Notion That QE Is Not Inflationary

From Recent Commentaries | Safehaven.com
December 31, 2013 - 12:29pm

When someone says that QE (Quantitative Easing) is not inflationary they are probably claiming that it doesn't bring about an increase in the general price level. However, they could also be claiming that it only adds to bank reserves and ...


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