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Who could ever have guessed that Q.E. brought in to stave off deflation and preserve bankers' bonus paychecks could possibly lead to stagflation?!?! So that's the 2008 banking crisis and covid response but it's funny how nobody mentions 2008 anymore. https://www.investopedia.com/terms/q/quantitative-easing.asp
"The worst possible scenario for a central bank is that its quantitative easing strategy may cause inflation without the intended economic growth. An economic situation where there is inflation, but no economic growth, is called stagflation."
Looks like the global poor are going to be paying for keeping the savings of the upper/middle classes intact as well as those record City bonuses then!!
"They break our legs and tell us to be grateful when they offer us crutches."