My son, Craig (who is presently studying economics at Brock University) sent me this link this morning. With my blog entry yesterday, it seems appropriate to pass along the basics of freeing up cash. We've heard lots in the news about how the American lending practices have dried up even when the cost of borrowing is almost "free".
This Marketplace video explains what the American federal government is doing to try to get the money available to the grass roots business people who need the money to grow the economy.
Let's give the federal economists on both sides of the border some credit for their efforts to fix the problems. Working in the real estate business in the early 90's when we were last in a recession, it felt like we were in a sailboat on a very still day. I am not sure if it is intelligence or collective wisdom from past mistakes. They are trying hard.
Interesting. Enjoy!
Quantitative Easing
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