Econintersect: This lecture, the eighth in a series (previous lectures listed end of this article), provides an analysis of the poor economic thinking that is being used in designing the monetary policy called "quantitative easing". The discussion covers the economic history since World War II, which he divides into major eras: (1) Keynesian policy period 1949-1966; (2) Transition period 1967-1981; Neoclassical policy period 1982-2015 (and continuing).
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