When I hear terms like “quantitative easing” (aka, printing money), I reach for Douglas Adams. I find insight (though not great comfort, it must be admitted) in his definitive if metaphorical theory of economic bubbles – the Shoe Event Horizon.
When I hear terms like “quantitative easing” (aka, printing money), I reach for Douglas Adams. I find insight (though not great comfort, it must be admitted) in his definitive if metaphorical theory of economic bubbles – the Shoe Event Horizon.