On QE

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One of the biggest questions in economics right now is whether the US will re-start quantitative easing.

For many getting their heads round what QE is can be hard enough.

Paul Mason from BBC News Night has done a vey good job explaining what he thinks it is.

I recommend this.

But I’ll add that the Green New Deal group is working on a publication on this issue — and it will, I think, push understanding and the policy boundaries somewhat further than Paul anticipates.

Hat tip: Howard Reed