Why QE has failed to boost investment and jobs

June 9, 2013

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Professor Alan Meltzer explains the increasingly obvious complete failure of QE policy.In the main QE has simply boosted bank deposits. This has turned the banking system into the biggest hedge fund the world has ever seen and enormous market distortions and bubbles while starving the real economy. The civilian employment to population ratio has remained flat for the last 5 years.

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