The Diminishing Marginal Utility Of Excess Bank Reserves
This is not an argument for more quantitative easing, or QE3, as it would inevitably be called. Instead, this is about the logic of the argument for more quantitative easing. It is intended as a response to the oft-heard argument that more quantitative easing wouldn’t stimulate the economy because past quantitative easing hasn’t produced the [...]
This is not an argument for more quantitative easing, or QE3, as it would inevitably be called. Instead, this is about the logic of the argument for more quantitative easing. It is intended as a response to the oft-heard argument that more quantitative easing wouldn’t stimulate the economy because past quantitative easing hasn’t produced the desired results.
The answer is a simple economics concept, the concept of diminishing marginal utility. Other things equal, the more you have of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards