How the Fed Could Fix the Economy—and Why It Hasn’t

… The widespread belief that [the fed’s] QE is flooding the economy with money is a myth. Virtually all of the money it creates simply sits in the reserve accounts of banks…. As QE is practiced today, the money created on a computer screen never makes it into the real, producing economy. It goes directly … Continue reading How the Fed Could Fix the Economy—and Why It Hasn’t