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Ivan Kitov
Professor of Geophysics. Author of "Economics as Classical Mechanics" and "Mechanics of personal income distribution". Founding member of the Society for the Study of Economic Inequality. Co-editor of the "Theoretical and Practical Research in Economic Fields"
Hard to be Easing
There is an internal controversy in your piece. There was some traction between QE and real economy in the beginning and then it disappeared somehow. What has happened to this traction and why it was not used to a greater extent? A simpler hypothesis is that there was no traction before and there is no traction now, with monetary policy just following natural evolution of system. It have saved the financial system, however.