Quantitative easing

[wellinghall]

Taking a leaf out of philmophlegm's book -

Can someone (maybe the estimable 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!

Comments

[wellinghall.livejournal.com]

I am curious as to why you have singled out the EU - they rate most / all countries' credit-worthiness, not just that f EU countries.

[arda-unmarred.livejournal.com]

oh, mainly just because the EU is the largest political entity that we belong to. There is little hope on any cohesive global action ever taking place, and the UK on its own is too small to take on the global financial world...