QE Has Not Worked – Period!

February 5, 2016
By Steve Blumenthal

“Clearly, QE has not worked. We have not had one year of 3%+ growth since the Great Recession and are barely averaging 2%.  Yes, if your measure is the stock market and other financial assets that have inflated, then QE has worked quite well.  But the boost QE was supposed to deliver just hasn’t reached Main Street.

One of the basic tenets of QE and other related policies is that if you want to increase consumption, you lower the cost of borrowing.  But if out-of-control borrowing was the original problem, then . . .

SORRY!

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