Quantitative Easing: The Force at Play

In 2008, governments around the world had got to roughly 100% of GDP in debt. The answer to that was firstly cut rates to zero everywhere and then quantitative easing. And it took me a very long time to understand what the hell this is all about. We kind of knew that they were injecting money into the system but how did it work? Nobody knew we were arguing about it for avery long time.