By Lewis Johnson - CHIEF CONCLUSION Some observers have learned the wrong lesson from the “non-inflationary” impact of central banks’ trillions of dollars in quantitative easing (QE). In particular, proponents of[…]
By Lewis Johnson - CHIEF CONCLUSION Monetary policy is changing again! Both the U.S. Federal Reserve and the European Central Bank have taken up quantitative easing (QE) again after abandoning it in 2018. What will[…]
