Update: A number of smart folks, with good arguments in the comments make a solid case that it just might not be same thing....And I thank them for that.....Has to do with things like lack of full capacity and other forces currently at work that should push back against a rapid-onset hyper-inflation....But still....What happens when the bitter taste of aspertamier inflation is forced down peoples' throats in the form of plastic backed by prison?.....
Can anybody tell me, precisely, how 'Quantitative Easing'......
"...Popular media's definition of quantitative easing focuses on the concept of central banks increasing the size of their balance sheets to increase the amount of credit available to borrowers. To make that happen, a central bank issues new money (essentially creating it from nothing) and uses it to purchase assets from other banks...."
...Is NOT the fast lane on the road to a place called Weimar?
"...The sudden flood of paper money into the economy, on top of the general strike - which meant that no goods were manufactured, so there was more money, chasing fewer goods - combined with a weak economy ruined by the war, all resulted in hyperinflation. Prices ran out of control - eg a loaf of bread, which cost 250 marks in January 1923 had risen to 200,000 million marks in November 1923..."
(and we all know where roads like that really lead to when you've got folks like the good brothers Kr......errrrr.... Koch around to whip the damaged and the dumb into a frenzy of hate, hubris, and irrational blindness)