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mempko
8y ago
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QE didn't increase money supply. The reason we had recovery at all was Obama running huge budget deficits.
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shrewduser
8y ago
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QE does increase money supply by definition
mempko
OP
8y ago
No, fed bought bonds. That's like moving money from your savings to your checking account. In fact it likely decreased money supply because more money would have been created if bonds were held longer.
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