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To be fair, wasn't this preceded by 'quantitative easing' which itself had 'no historical precedents?' Like, it's in proportion to the last big thing we did, a
by curiousllama 4y ago
To be fair, wasn't this preceded by 'quantitative easing' which itself had 'no historical precedents?'
Like, it's in proportion to the last big thing we did, albeit in the other direction. I'd argue that's pretty close to precedent.
- cs702 4y agoThere's at least one other historical precedent for insane levels of quantitative easing, Japan: https://fred.stlouisfed.org/series/JPNASSETS https://fred.stlouisfed.org/series/JPNASSETS Japan has been at it for a long time: https://research.stlouisfed.org/publications/economic-synopses/2014/01/10/quantitative-easing-in-japan-past-and-present/ https://research.stlouisfed.org/publications/economic-synops... But AFAIK there's no historical precedent for persistently going in the other direction at such an insane scale.