What the Federal Reserve does is provide the blood supply, for the body of our capitalist economy. And what happened in 2008 is, all, the veins and the capillaries and the arteries collapsed. So every financial function had failed. It had collapsed and we had to restore them...And then the question was, What else can we do? And the committee came up with the idea of quantitative easing.
Stalemate
Stalemate
Stalemate
What the Federal Reserve does is provide the blood supply, for the body of our capitalist economy. And what happened in 2008 is, all, the veins and the capillaries and the arteries collapsed. So every financial function had failed. It had collapsed and we had to restore them...And then the question was, What else can we do? And the committee came up with the idea of quantitative easing.