Via The Cobden Centre, The Crime Known as Quantitative Easing, a superb article by Robert Sadler: Rather helpfully, on the Bank’s website there is an explanation of how Quantitative Easing was supposed to improve the economy. Quite clearly, the Bank explains that they purchased British Government bonds (gilts) and high quality (investment grade) bonds from private sector companies (banks, pension funds, insurance companies and non-financial institutions). The Bank’s concern was that there was too little money “circulating” in the economy. Using this […]
Tags: Banking, economics, Inflation, Quantitative Easing