Stimulus, to infinity and beyond


There was a beautiful symmetry to last week’s policy announcement by the Fed. Precisely a week after the ECB had pledged its commitment to unlimited purchases of Euro Zone government bonds, the Fed declared that its new round of debt monetization – ‘quantitative easing’ or QE3 – would be open-ended.

Read the rest of the article by my Cobden Centre colleague, Detlev Schlichter: Stimulus, to infinity and beyond.

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