>My understanding is that the failure of institutional lending in response to QE is still considered "a mystery" by mainstream economists, etc. As the Austrian

>My understanding is that the failure of institutional lending in response to QE is still considered "a mystery" by mainstream economists, etc. As the Austrian school economists pointed out during the crisis, you can print money, but you can't print borrowers - the banks need qualified borrowers to lend to, and in the middle of a financial crisis there aren't as many. Of course the fed can't allow cascading bank failures, but once the banking system is out of danger pouring in more money won't do much.