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Alan Reynolds: Europe's Quantitative Easing Has Already Failed

The European Central Bank has ballooned its "quantitative easing" bond-buying spree to about 60 billion euros a month, as announced in late January. Judged by a key rationale for QE — namely, to raise inflation to 2% — world markets have already given the plan a resounding vote of "no confidence." On the first day of QE, 10-year debt was

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Posted: March 16, 2015 Monday 06:59 PM