A korrentour reading
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
Drawn from what Scott Sumner said, then moved away from
In the currentquantitative easing
What is a korrent?
A korrent — “current”, with a K — is our reading of what someone said: one sentence, drawn from their own words below. People put the same thought in different words; a korrent tries to name the thought they share, so that what several people mean can be set side by side, and followed as it changes.
It is an approximation, and it is ours. The quotes are theirs, word for word, and where the two differ, the quote is the fact. Read more →