An architect of the ‘printing money’ fix turns into a QE critic
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July 22, 2021 12.38pm
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When quantitative easing was embarked on by the US, UK and Europe in response to the 2008 financial crisis it was generally described as “unconventional” monetary policy.
It’s now baked into the policy settings of most developed economies, which makes tough questioning of the policy by a panel that includes the man who launched it in the UK a challenge to central bankers who appear to see QE - effectively printing more money to use to buy government bonds - as the panacea for all financial and economic threats.
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