Quote:
Originally Posted by graciegirl
I don't have a clue what you are talking about. This must be some political rhetoric that I haven't been exposed to.
What is Quantitative easing? It makes me guess that it is printing money with no backing or issuing bonds with no backing. Or borrowing money from oneself?
Here is what I found.
What Is Quantitative Easing: Defined and Explained
This paragraph below is within the article linked above.....Kinda scary to ME.
Where does the money come from to purchase these assets? The Fed has the ability to simply create it. This unique ability is a function of all central banks. It has the same effect as printing money. The asset purchases are done by the Trading Desk at the New York Federal Reserve Bank. |
I wonder if we could get Mr. Bernanke to come to LSL to give a speech to explain his past actions. He should be well prepared since he has done several briefings to Congress and it appears several still do not understand this policy.