Weâre all familiar with the term, âquantitative easing.â Itâs described as meaning, âA monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.â
Well, that sounds reasonable⊠even beneficial. But, unfortunately, thatâs not really the whole story.
When QE was implemented, the purchasing power was weak and both government and personal debt had become so great that further borrowing would not solve the problem; it would only postpone it and, in the end, exacerbate it. Effectively, QE is not a solution to an economic problem, itâs a bonus of epic proportions, given to banks by governments, at the expense of the taxpayer.
Doug Casey's International Man 
