QE can't be stopped even if it makes no sense to continue it
Tapering would lead to a large influx of dollars into the US from the emerging markets, leading to price inflation.
Editors note: This is a reader comment we got on the article, "Five years later: It's time Western countries stopped printing money," published today. As is Firstpost policy, we have lightly edited for grammar and spelling, but the comment has been left as is.
By Bala
Quantitative easing ( QE) is something that cannot be stopped, even though it makes no sense to continue it. Tapering would lead to a large influx of dollars into the US from the emerging markets, leading to price inflation. Price inflation without income/employment generation would lead to severe dependence on the Govt and Social Security, leading the Govt to borrow more. The cycle is again destructive. There are no easy solutions for the Fed or the White House.
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