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Anther point for the MMT coalition. If people who really have their banking and workings of the monetary system down cold say that QE may actually be contractionary maybe the world should stop and listen, or at least engage them?
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Benjamin Cole, When QE turns out to be deflationary, why would it be inflationary if the Fed said "We will print money like you have never seen before"?
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Apr 6, 2012