The Traderszone Network

Published in TZ Latest News 7 September, 2014 by The TZ Newswire Staff

To QE, or not to QE, that is NOT the question (Reply to Simon Wren-Lewis)

We really ought to consider adopting a whole new monetary regime, NGDPLT.  But what if the Fed refuses. What then?  Then we are in the world of second best—QE and negative IOR.  These are not good policies, but they are less bad than deep depressions or wasteful government spending. Here’s Simon Wren-Lewis:

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