Draghi finally gets ready to prime the European pump with QE fuel
Stephen Kinsella What form will Europe’s QE take, and how will it work? Will the average taxpayer feel its benefits? Could it even go down the radical road of central banks putting money directly into people’s pockets?
The European Central Bank (ECB) will start serious asset purchases in 2015, similar to the Securities Markets Programme it ran in 2010, but on a much larger scale. This process is called quantitative easing: QE, for short. It has been fiercely resisted by hard money fanatics at the Bundesbank and the Finnish Central Bank, but it appears those fanatics have lost the battle to stop these purchases from happening. Their objections have been swept aside...
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