ECB & Fed's Unending QE: The Liscio Report: P = QE² (?)

P = QE² (?) by Danielle DiMartino Booth, The Liscio Report on the Economy Blog

Forget Milton Friedman and John Meynard Keynes. What would Albert Einstein say about quantitative easing? Maybe he would say that it really is all relative. Maybe not. My guess is the physicist and Nobel laureate would tell policymakers that their strenuous efforts to propel the economy simply don’t fit the equation he so famously wrote about in 1905. For those of you who’ve forgotten your high school physics (I’m right there with you; thank heavens we now have Google), Einstein is most revered for his theory of special relativity, conveyed by the deceptively simple equation, E=mc². The nutshell version, care of Britannica.com, goes...