Reality Might Topple a Beloved Economic Theory

The easy money of quantitative easing is often seen as a way to prevent deflation and recession, but it might cause both.
by
Noah Smith
More of it sometimes adds up to less.

So QE-infinity is done. Many and long will be the arguments about whether quantitative easing helped the U.S. economy, and what the costs were -- or will be. Most of those arguments will be between those who think quantitative easing just doesn't get much traction in the economy and those who think that it has a big effect.

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