Comments on: QE is the way for the ECB to go http://blogs.reuters.com/hugo-dixon/2014/02/05/qe-is-the-way-for-the-ecb-to-go/ Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: birdy2 http://blogs.reuters.com/hugo-dixon/2014/02/05/qe-is-the-way-for-the-ecb-to-go/comment-page-1/#comment-740 Thu, 06 Feb 2014 10:35:37 +0000 http://blogs.reuters.com/hugo-dixon/?p=739#comment-740 This is pure nonsense. Central banks should not interfere in the economy. We saw what central planning by unelected functionaries did in Soviet Russia, and it does not end well. Capital invested in poorly performing assets should be liberated and re-directed to productive value creating projects by STOPPING mal-investment and price distortions created by well-intended economists playing with untested theories. The reality is that QE has been an abject failure leading to massive increase in wealth disparity + worsening the impact of the inevitable correction to come. Printing money by you or me in our garage so that we can repay our creditors is called fraud. Why should ex Goldman Sachs smooth talkers be allowed to commit exactly the same crime on a massive scale and get away scot freed by calling it “monetary policy”?

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