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QE was, and always will be a sham to disguise the fact that a central bank is lending money to the government that owns it. In this video I explain the ins and outs, and costs, of this ridiculous denial of the truth.
By Richard MurphyQE was, and always will be a sham to disguise the fact that a central bank is lending money to the government that owns it. In this video I explain the ins and outs, and costs, of this ridiculous denial of the truth.