QE for Dummies
How does one understand the most outlandish monetary experiment ever conducted? Chris Martenson, founder of PeakProsperity.com noted a lament from a reader who said that the usual explanation of Quantitative Easing as “thin air money printing” did not satisfy his need for understanding either. Not being a trained economist he searched in vain for a definition that made sense. “ My difficulty is in understanding how thin air money gets into circulation.” In Martenson’s blog he puts his baffled reader out of his misery by giving his considered explanation alongside the official definition.