In this article, I talk about one of the largest (in dollar terms) and least understood US policies: quantitative easing, which is a fancy way of saying the Fed is printing money to buy US Treasuries and mortgage-backed securities. This year alone we will print over a trillion dollars to buy our own debt. The Fed claims this will help create jobs. I question that and propose a policy alternative I believe would be far superior for spurring job creation/economic growth.
Original Title
Misdiagnosis and Malaise- Lauren Paer- Kennedy School Review
In this article, I talk about one of the largest (in dollar terms) and least understood US policies: quantitative easing, which is a fancy way of saying the Fed is printing money to buy US Treasuries and mortgage-backed securities. This year alone we will print over a trillion dollars to buy our own debt. The Fed claims this will help create jobs. I question that and propose a policy alternative I believe would be far superior for spurring job creation/economic growth.
In this article, I talk about one of the largest (in dollar terms) and least understood US policies: quantitative easing, which is a fancy way of saying the Fed is printing money to buy US Treasuries and mortgage-backed securities. This year alone we will print over a trillion dollars to buy our own debt. The Fed claims this will help create jobs. I question that and propose a policy alternative I believe would be far superior for spurring job creation/economic growth.