HILARY JOFFE: A welcome, salutary look at quantitative easing
Ace and his populist friends mat not know about its unanticipated consequences
16 June 2019 - 00:09
So we know Ace Magashule's macroeconomics are so dodgy that he can't tell quantity easing from quantitative easing (QE). And we know (or should) SA isn't really a candidate for QE, which advanced-economy central banks resorted to only because they'd already cut interest rates to zero to avert a global depression.
But let's pretend for a moment, frivolously, that SA is mad enough to implement the QE Ace and his populist friends seek. Have they thought about some of the more unanticipated consequences? They might not like them at all...
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