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This video does a better job to explain the underlying reasons: https://www.youtube.com/watch?v=WaJFudED5FQ .

This comment highlights the most crucial insight on QE: it is a relatively novel monetary policy innovation that was implemented as an emergency response to the 2008 crisis on a ve…

As per Wikipedia, a distributed system is: "a system whose components are located on different networked computers, which communicate and coordinate their actions by passing messag…

There is a kernel of truth in there, I'll give you that. It is hard to extract social sciences from the zeitgeist. But let's call a spade a spade: this is just another iteration of…