{"id":3740,"date":"2010-11-14T20:56:54","date_gmt":"2010-11-15T04:56:54","guid":{"rendered":"http:\/\/lee.org\/blog\/?p=3740"},"modified":"2013-02-15T20:55:21","modified_gmt":"2013-02-16T04:55:21","slug":"quantitative-easing-explained","status":"publish","type":"post","link":"https:\/\/www.lee.org\/blog\/2010\/11\/14\/quantitative-easing-explained\/","title":{"rendered":"Quantitative Easing Explained"},"content":{"rendered":"<p>Exhibit A<\/p>\n<p><a href=\"http:\/\/money.cnn.com\/2010\/11\/03\/news\/economy\/fed_decision\/index.htm\">QE2: Fed pulls the trigger<\/a> (CNN Nov 3, 2010)<br \/>\nShort form:The fed is going to buy 600 billion dollars in T-bills as part of a Quantitative Easing program (e.g. paid for with money they borrowed from themselves&#8230; e.g. they just effing printed it)<\/p>\n<p>Exhibit B<br \/>\n<a href=\"http:\/\/www.youtube.com\/watch?v=PTUY16CkS-k\">Quantitative Easing Explained by 2 cartoon characters<\/a><\/p>\n<p><iframe loading=\"lazy\" title=\"Quantitative Easing Explained\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/PTUY16CkS-k?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>local version: <div style=\"width: 640px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-3740-1\" width=\"640\" height=\"360\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"http:\/\/lee.org\/blog\/wp-content\/uploads\/video\/Quantitative%20Easing%20Explained%2011-14-10.mp4?_=1\" \/><a href=\"http:\/\/lee.org\/blog\/wp-content\/uploads\/video\/Quantitative%20Easing%20Explained%2011-14-10.mp4\">http:\/\/lee.org\/blog\/wp-content\/uploads\/video\/Quantitative%20Easing%20Explained%2011-14-10.mp4<\/a><\/video><\/div><\/p>\n<p>Are the cartoon characters correct?<\/p>\n<p><strong>Ok, now the big question: Should I cash out my meager life-savings now?<\/strong><\/p>\n<p>(Yes I know that if every individual cashed out the way I am considering, the world would get all Mad Maxy real quick. But I have to act as an individual, right? I cashed out in September 2008 for a few months; I ended up loosing about 30% of my life savings to the credit crunch while many people lost 50%; it was the right decision then.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exhibit A QE2: Fed pulls the trigger (CNN Nov 3, 2010) Short form:The fed is going to buy 600 billion dollars in T-bills as part of a Quantitative Easing program (e.g. paid for with money they borrowed from themselves&#8230; e.g. they just effing printed it) Exhibit B Quantitative Easing Explained by 2 cartoon characters local [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-3740","post","type-post","status-publish","format-standard","hentry","category-rants"],"_links":{"self":[{"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/posts\/3740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/comments?post=3740"}],"version-history":[{"count":1,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/posts\/3740\/revisions"}],"predecessor-version":[{"id":3741,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/posts\/3740\/revisions\/3741"}],"wp:attachment":[{"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/media?parent=3740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/categories?post=3740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lee.org\/blog\/wp-json\/wp\/v2\/tags?post=3740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}