Blog de Paul Giacobbi - Député de la 2ème circonscription de Haute-Corse - Conseiller à l'Assemblée de Corse

Député de la 2ème circonscription de Haute-Corse - Conseiller à l'Assemblée de Corse


   
Abandoning QE for true stimulus
On Tuesday, September 11th, Rushir Sharma published a stimulating paper : “For a true stimulus, the Fed should drop QE3”.
Quantitative Easing does not create economic growth but fuels commodity bubbles, particularly food and oil prices, and in consequence increases income inequality.
On the contrary, abandoning QE would lead to a fall in food and oil prices equivalent to a significant tax cut for a middle class.
For years, since the beginning of economic crisis in 2007, I have tried to explain to my fellow members of Parliament in France that QE fuels financial speculation. This paper is perfectly clear on that subject and could at least stimulate the policy makers brain activity !

Commentaires (7) | Rédigé par Paul Giacobbi le 13/09/2012
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