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Posted on: March 2nd, 2018 by RaduC No Comments

Why a return to QE would be disastrous ?

12-02-2022 8:54 pm

“Economics is not an exact science. It’s a combination of art and elements of science”, said Paul Samuelson, the first American to win the Nobel Prize in Economic Sciences. Central banks seem to have forgotten this lesson in recent decades. Banning central banks from purchasing the debt of their own country has been, until the 2008 crisis, engraved in scarlet letters on the first page of any monetary policy textbook. The reason behind this was the inflationary consequences that such an approach, involving the printing of money, would cause. Yet, the act of printing money, which soothed the pains of the economic crisis at first, has been stubbornly used for more than a decade until it became addictive. Governments and financial markets alike became the ‘prisoners’ of free money printed by the central banks in order to finance national budget deficits and boost the economy. The

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Why a return to QE would be disastrous ?

12-02-2022 8:54 pm

“Economics is not an exact science. It’s a combination of art and elements

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The “war of the century” is not over

10-17-2022 9:13 pm

In my comment called “The war of the century which will define our future”,

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We are the weak link in Ukraine’s defense war

09-04-2022 11:17 am

I recently attended a conference on regional security issues with remarkable

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The Romanian yield curve has inverted. What does it mean?

07-31-2022 12:37 pm

The yield curve plots the returns on government bonds by maturity, starting

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