Cullen Roche: Pragmatic Capitalism

After the financial crisis entered its most acute phase following the demise of Lehman Brothers in October 2008, central banks around the world - led by the US Federal Reserve - began a program of Quantitative Easing. QE -- whereby a central bank buys private-sector assets with newly printed reserve money -- is said to have helped overcome the financial crisis. The question is... at what cost? Writer and blogger Gonzalo Lira believes that the cost of ultra-easy monetary policy is high - and...

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