> It’s not really QE, the banks loaned the government money when they bought the bonds, the government would still repay them exactly the same amount as before.

> It’s not really QE, the banks loaned the government money when they bought the bonds, the government would still repay them exactly the same amount as before. It's literally QE. Like, it's the textbook definition of quantitative easing. Where the government buys back bonds it gave out without taking into account the current interest rate. The government is giving banks more money than the bonds are worth, raising their prices. That's QE.