English: The Marriner S. Eccles Federal Reserve Board Building (commonly known as the Eccles Building or Federal Reserve Building) located at 20th Street & Constitution Avenue, NW in the Foggy Bottom neighborhood of Washington, D.C. Designed by architect Paul Philippe Cret in 1935, construction of the Art Deco building was completed in 1937. Its 2009 property value is $109,029,200. (Photo credit: Wikipedia)
This is currently the Financial Times‘ most-read article. It’s a recommended read. Check it out!
How the Fed got from eternity to here – FT.com.
The article looks at the history of QE. QE hass been incredibly succesful but it has had negative consequences, especially in the developing world. The Eurozone failed to embrace QE effectively because of political push-back from Germany.
I wonder how history will judge QE?