Reply to post: However...

So why the hell didn't quantitative easing produce HUGE inflation?

Zog_but_not_the_first
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However...

Whenever I get to the end of an explanation of economic activity like this (and for the record, I like, and find Tim's most useful) I hear a "Ta da!" in my head as if I've been watching a magic trick.

Clever, complex, utterly convincing and yet I know there wasn't a rabbit in the hat, dove in the wine bottle etc.

But this trick changes lives.

Endnote: I'd love a Tim article on privatisation. Has it worked. And for whom?

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