FRANKFURT—The European Central Bank said Thursday it plans to purchase over €1 trillion ($1.157 trillion) in public and private sector bonds by the fall of 2016, a landmark decision aimed at combating stagnation and ultralow inflation in a region that has emerged as a top risk to the global economic recovery.Printing gobs of cash has a long track record of success. Look at the way the ECB was printing money just a year or so ago and how well that kept things humm ... err ... humming ... err ... well, maybe that's a bad example.
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| Zimbabwe, on the other hand, has had really huge success with the whole money-printing thing. Image source. |
1 comment:
So, since a bazooka fires rockets, does that mean that when you fire the money bazooka it leaves a trail of burning money raining down from the sky, and only a small bit of the money actually hits the target?
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