Quantitative easing on Wikipedia

Here’s what I added to the definition of quantitative easing as a ‘monetary tool’:

“Quantitative easing can also be called a misleading term. For to equal ‘ease’ with ‘increase’ is inaccurate on linguistic and mathematical levels. What is furthermore misleading, is the assumption that the money supply is only provided by central banks – as credit to national governments.

In reality, the money supply of a sovereign country has two sources: notes and coins printed and minted free of interest by the State, also called Cash, and Credit, issued out of thin air at interest, by banks.

To ‘ease’ the ‘quantities’ of money in circulation by increasing Credit means practicing usury.”

4 responses to “Quantitative easing on Wikipedia

  1. Pingback: “Quantitative easing” to camouflage “printing credit” « Money as Debt

  2. Yeah, well I see your addition was reverted.

    That’s Wikipedia for you – I wouldn’t bother with it, considering it’s run by a clique who don’t like their opinions challenged.

    The sooner we realise the harm Wikipedia can do the better.

    All the best, Hoover.

  3. Indeed it’s not encouragement or consolation if you believe that Wikipedia is the only channel for your information.

    The flipside is that there may be other channels open to you.

    Look at it this way: Can you name a famous or influential Wikipedia entry, in the same way that you can name dozens of famous and influential books, magazine articles, scientific papers, or think tank reports?

    Or another way: Which Wikipedia contributor is famous for his or her work on Wikipedia?

    Regards,

    Hoover.

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