When asked what respectable government had used QE in the past, could it not be argued that the US federal reserve used a form of it in the 30’s/40’s to get out of the great depression?
Richard Murphy says:
September 17 2015 at 7:51 pm
And Japan in the 30s
No, the complaint is that the Fed didn’t loosen monetary policy in the 30s.
And Japan used helicopter money, not infrastructure investment.