The Extraordinary Becomes Normal
The lunatics are running the asylum. This is the only conclusion one can come to when considering the nonchalance with which what was once considered an extraordinary policy with a firm ‘exit’ in mind is now propagated as a perfectly normal ‘tool’ to be employed at the drop of a hat.
We refer of course to so-called ‘quantitative easing’ (QE), which really is a euphemism for money printing [...]




