I have to admit, this isn’t something I’ve ever heard of before. Seriously – quantitative easing sounds like something Stephen Hawking came up with to explain interstellar flatulence. But why do we give a damn about it? Well, let’s face it; we aren’t so intertwined as we once were, but what buggers up the US economy still has a nasty habit of taking a dump in the punchbowl up here, too.
That and, as we all should know by now, stupidity is contagious.
So, not wanting to be the guy who had nothing to say when someone asks “what the #@%* is quantitative easing,” I did some digging around to find out what the hell everyone is gabbing about. Turns out it’s not such a complicated thing as it sounds. It’s just bafflegabese for “printing up a buttload of money.” Here’s how it “works” … (more…)