Critics of quantitative easing should consider the alternative | Barry Eichengreen

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Defenders of central-bank independence argue that quantitative easing should have been avoided last time and is best avoided in the future, because it opens the door to political interference with the.

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When the next recession hits, central banks will again be forced to resort to quantitative easing. QE4, if we can call it that, will elicit howls of protest from the critics of. But QE’s opponents.

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