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Regarding quantitative easing, I would actually assign support for pursuing to the pro-austerity camp as it devalued the dollar and caused the average consumer'
by wavefunction 11y ago
Regarding quantitative easing, I would actually assign support for pursuing to the pro-austerity camp as it devalued the dollar and caused the average consumer's purchasing parity to decrease. It was austerity applied to the population at large to solve the problems caused by only a fractional portion of the population in the US.
- jbooth 11y agoBut it didn't devalue the dollar, inflation's been really low for the last 7 years. Honestly it doesn't make much sense, and should really make people hesitate to pursue deflationary measures. China's fiscal policy does serve to deflate the dollar, so that counterweights QE a little, but that much? Maybe, I guess?