Maddog wrote:If central banks increase the money supply, it can create inflation. The worst possible scenario for a central bank is that its quantitative easing strategy may cause inflation without the intended economic growth. An economic situation where there is inflation, but no economic growth, is called stagflation.Another potentially negative consequence of quantitative easing is that it can devalue the domestic currency. While a devalued currency can help domestic manufacturers because exported goods are cheaper in the global market (and this may help stimulate growth), a falling currency value makes imports more expensive. This can increase the cost of production and consumer price levels.
https://www.investopedia.com/terms/q/qu ... easing.asp
We don't have a lot of experience with QE on this planet. The Japanese first did it about 20 years ago.
But even without the experience, most of us fundamentally understand that making money out of thin air to buy investment products is fraught with danger.
If we could just print forever, we could stop paying taxes..
True as all that may be, the horse has already bolted. Mucking around with the stable door is futile