281: Former Fed President Warns Easy Money Will Bring Big Consequences for Investors w/ Tom Hoenig
BiggerPockets Money Podcast
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Quantitative Easi
In the seventies and into the eighties, you predicted this starting in about two thousand ten with your votes against the quantitative easing. Can we talk about quantitative easing for a little bit? Sure. A quantitative easing is is a concept that says the economy was recovering from this very serious crisis. And i actually agreed with doing much of that. But there is another side to that. It did not increase productivity in the economy. This money was such an extent of increase in this money in lowered interestry. It encouraged speculation. You increased the spending on speculative investing in various assets,. So you were artificially giving increases in price, but you weren't investing a new plant equipment to any great extent
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