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The European Central Bank would be wise to avoid QE

The ECB’s go-slow approach to the establishment of a QE program is both rational and laudable. Read: ECB will prime quantitative easing, but far from pulling trigger yet The QE experiments in the U.S. and Japan are far from over.  While “low” inflation is cited as a reason to keep the money creation experiment alive, the definition of inflation that is used is highly questionable.  If the definition of “inflation” …Read More