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By artificially depressing interest rates in the recipient country, it also encourages excessive borrowing and bubbles there.
That's because the Fed's stimulus efforts have lifted stocks by making riskier assets more appealing, while depressing interest rates and lowering borrowing costs.
So why should it surprise if the rules encourage you to lend the government money?" This is not the first time governments have benefited by depressing interest rates, something economists refer to by the ominous name of "financial repression".
During the past five years the Fed QEE programs) has accumulated about four trillion dollars worth of government and quasi government debt in an effort to increase the large banks' profits while depressing interest rates.
The unprecedented interventions enacted by the Federal Reserve since the onset of the global financial and economic crisis in 2008, including quantitative easing and debt monetization, have had the effect of artificially depressing interest rates the U.S. Treasury pays on its debt instruments.
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Although there was no shortage of reasons for bad sales, unusually balmy temperatures were widely blamed for depressing consumer interest further than had been anticipated.
But many other senior Tories lack the confidence (or, in some depressing cases, the interest) required to hold forth on social mobility.
(What he didn't point out was that while promises of future tax cuts probably won't fuel today's consumer spending, bond traders take a longer view. Realizing that the government will pay off less debt, they will immediately drive up long-term interest rates, depressing investment).
Instead, we seem to be stuck in a depressing appeal to self-interest: the solution often advocated is to get more young renters to vote.
This is made possible by his physical strength and by what seems on first acquaintance a depressing lack of outside interests.
I've followed these climate talks almost from their genesis, and have witnessed some deeply depressing occasions where self-interest and greed have seriously threatened to kill the entire process.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com