tag:blogger.com,1999:blog-2277215496195926573.post2814150140475176157..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: QE does not equal printing money.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2277215496195926573.post-34971973896643387252010-12-12T09:29:03.778-08:002010-12-12T09:29:03.778-08:00Arguably no new money of any relevance has been cr...Arguably no new money of any relevance has been created unless some of it flows into additional transactions.<br /><br />You can create $1 trillion and if it all sits in a bank reserve account somewhere, then it is irrelevant economically (as we've seen with QE in general).<br /><br />The only money that matters is that which is moving (and in the US/UK that means money that causes a transaction and some of it is likely destroyed by taxation).Neil Wilsonhttps://www.blogger.com/profile/18178155357632397049noreply@blogger.com