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Finance Politics

Sayonara to Hard Money: Here Comes Global QE

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The Bank of Japan’s decision to adopt an inflation target and double its bond purchases completes the global flight to soft money.

Articles Business Finance

The Retreat From Hard Money

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Imagine the US economy shrinking by 30% over the past four years, the Chinese economy growing at 2%, not 10%. Imagine UK house prices down 60% and commodity prices sliding back to the levels of the mid-1970s.