QE is reversible, goes the argument: monetary financing is forbidden.
This is something that you have to say when you are currently a central banker, to prevent politicians running off to the sweetshop with central-bank funded spending.
Those who have previously been in the chair, such as Lord King, seem relaxed at the largesse. The question is one of degree, and confidence in the independence of institutions.
Telegraph 8 April 2020
Those who have previously been in the chair, such as Lord King, seem relaxed at the largesse. The question is one of degree, and confidence in the independence of institutions.
Telegraph 8 April 2020
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