Larry is skeptical:
There is too an oddity inwards this renewed emphasis on quantitative easing. The essential aim of such policies is to shorten the debt held past times the populace or issued past times the consolidated populace sector comprising both the authorities in addition to cardinal bank. Any rational principal fiscal officeholder inwards the person sector would run across this every bit a 2nd to extend debt maturities in addition to lock inwards depression rates – just the reverse of what cardinal banks are doing. In the U.S. Treasury, for example, discussions of debt-management policy bring had just this emphasis. But the Treasury does non lone command the maturity of debt when the cardinal depository fiscal establishment is active inwards all debt markets.Sumber https://gregmankiw.blogspot.com/
