Quantitative Easing 101: Because Who Needs Fiscal Responsibility?

Lesson 1: Printing Money Like It's Going Out of Style

Quantitative easing is the art of creating new money out of thin air, because who needs inflation when you can have hyperinflation?

Benefits:

• Creates new money to fuel economic growth (or so we tell ourselves)
• Helps to prop up asset prices (your grandma's house is now worth more than you paid for it!)
• Encourages people to borrow money they'll never pay back (because who needs personal responsibility, really?)

Drawbacks:

• Causes inflation to rise like a phoenix from the ashes (your dollar doesn't go as far as it used to)
• Makes the rich richer (yay, them)
• Leaves the poor to wonder if they'll ever be able to afford a decent avocado toast

Quantitative Easing 202: The Apocalyptic Sequel Advanced Topics: Inflation is Just a Number, Right?

Real-Life Examples:

Japan, the country where quantitative easing became a national pastime.

Europe, where quantitative easing was a magic trick that made the economy disappear (in the sense that it was never really there)