@vgr What *is* QE?
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@vinodkhare quantitative easing
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@vgr getting a grip on QE or being against QE? - End of conversation
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@garybasin "humans don't work that way"
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@vgr 1. Economies are not households. 2. What is the alternative at the z.l.b.? humans have severe troubles with deflation too.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr this gives a very good summary of the balance sheet transformations at the heart of QE: http://stellarconsultllc.com/blog/wp-content/uploads/2015/09/1-Exiting-Well-v_September-15_2015.pdf …Thanks. Twitter will use this to make your timeline better. UndoUndo
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