By now you’ve probably heard about the massive programme of quantitative easing rolled-out by the European Central Bank (or perhaps you’ve seen the explanatory infographic in this article on quantitative easing and currency exchange).
However, not everyone’s a trained economist and not everyone understands quantitative easing so, today, we’re going to help you out.
Funny Video Explains Quantitative Easing
If you don’t know what quantitative easing (or QE) is, this video will probably not be much help but it will make you laugh.
Just to be safe, we’ve also included another short video below this one. The second video actually contains some useful information.
Harsh but fair? Remember, please follow this economist’s advice: when doing quantitative easing, make sure the printer out-tray is facing the window.
A More Accurate Explanation of Quantitative Easing
For what is probably a more accurate, or at least, more official explanation, let’s now turn to the the BBC.
In this short video, the BBC’s economics editor, explains the concept of quantitative easing from a British perspective and how it is supposed to work. The concept explained in the video applies to other countries and currencies, not just the UK.
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