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Jagjit Chadha (CambridgeU) points out: Quantitive Easing, 'seems likely to lose us roughly £100bn – & dwarfs the current concern in meeting the arbitrary fiscal rules. This is because the Bank is now selling the bonds it bought at a lower price than their purchase'!
A crisis caused by bankers, for which QE was used save them while also stuffing inflation into asset markets (including housing) is now being unwound at massive cost (to us!).
I'll just leave that there!
h/t Guardian
So mainstream economists finally wake up to the problems of Quantitative Easing. How much of that money printed ever assisted those who work rather than invest for a living?
‘Low interest rates and the bond purchases programme (so-called quantitative easing, or QE) has stimulated a huge escalation in asset prices. And this has skewed wealth distribution towards those with assets, rather than those who live from income alone.’
How long have economists advising BoE known?
Quite some time; but a good economists practice class compartmentalisation, so it all have been discounted