VOODOO ECONOMICS: ‘Corporate Welfare Queens’, Quantitative Easing as Outrageous Corruption – By Valentin Katasonov (Flashback)

RIELPOLITIK

Source – 4thmedia.org

“…These days, few economy experts in the US mention that reckless money printing used to be regarded as an abuse if not downright criminal offense. Excessive inflow of money into the economy provokes inflation, erodes the macroeconomic balance, discourages productive activity, and has an economically polarizing impact on the society”

Corporate Welfare Queens, Quantitative Easing as Outrageous Corruption – By Valentin Katasonov

What Quantitative Easing Is About:The term “quantitative easing” is a recent addition to the economic vocabulary and would sound unfamiliar throughout the XX century. It became commonplace across the US establishment – in the White House, the US Congress, the Federal Reserve – when the  financial crisis erupted in 2007-2008. Explained as simply as possible, the launch of quantitative easing meant that the US took to creating new money out of thin air with absolutely no constraints in sight.

These days, few economy…

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