wellinghall: (Cook)
[personal profile] wellinghall
Taking a leaf out of [livejournal.com profile] philmophlegm's book -

Can someone (maybe the estimable [livejournal.com profile] philmophlegm himself) explain quantitative easing to me? More specifically - how can the government both be selling gilts to the market, and buying back gilts from the market, at the same time?

Thank you!
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wellinghall

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