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The Father Of Quantitative Easing - Richard Werner | PBD Podcast | Ep. 161
PBD Podcast
Introduction
Richard Werner proposed a program in 1995 called quantitative easing and it was written in Nikkei which is the Dow of Japan, but also the largest financial newspaper in the world with three million? Subscribers talking about the way to address some of the challenges that's being faced as possibly Quantitative easing later on in 2008 We ended up announcing November of 2008 in US that we're gonna do quantitative easing. By 2009 we ended up I don't know 1.25 trillion dollars of mortgage back securities 200 billion dollars in agency debt and 300 billion dollars in long-term Treasury That was bought by the government To help us bail out and some say that was a good idea some say it was a bad
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