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.”