It is always so much easier for us humans to highlight the mistakes others have made…As we listen to this discussion of why Japan’s QE injections have not helped to boost economic growth we should realize the comments are entirely applicable to QE in the US and Europe as well. And that the expert in this clip hails from JP Morgan, one of the key culprits that has advised and unfairly influenced current policymakers while robbing the real economy and siphoning off hundreds of billions of taxpayer funds into their own coffers.
Jacob Frenkel, chairman at JPMorgan Chase International, discusses the impact of monetary policy on inflation and explains why the Fed’s attempts were blocked in the United States. Here is a direct video link.
;
