Feb 22 2009
Quantitative Easing vs. Printing Money: Will the U.S. become Zimbabwe?
Many of my IRL friends and acquaintances are pointing out that the United States is printing more money and using it to help alleviate our economic crisis. Other democracies like the UK and Japan are doing the same. So, does this mean we will go the way of Zimbabwe or post-WWI Germany? Isn’t printing new money always a bad idea? Well, there is a new economic practice (first used in Japan in about 2000) called “quantitative easing.” Sure, to me it just sounds like we are merely printing more money….and this makes me very frightened for our economy. However, here is an economist on CNN explaining the difference:
