3 ms·
QE didn't increase money supply. The reason we had recovery at all was Obama running huge budget deficits.
by mempko 9y ago
QE didn't increase money supply. The reason we had recovery at all was Obama running huge budget deficits.
- shrewduser 9y agoQE does increase money supply by definition
- mempko 9y agoNo, fed bought bonds. That's like moving money from your savings to your checking account. In fact it likely decreased money supply because more money would have been created if bonds were held longer.