The debate is open about whether quantitative easing works. What does work is China's policy of forcing banks to lend, never mind the consequences. But those consequences are severe: massive amounts of defaults, not to mention asset price bubbles.
The debate is open about whether quantitative easing works. What does work is China's policy of forcing banks to lend, never mind the consequences. But those consequences are severe: massive amounts of defaults, not to mention asset price bubbles.