Could All that Monetary Tapering from Central Banks Be Useless?

The United States’ and European Union’s central banks have started what they call “monetary tapering”, meaning the progressive abandonment of their “quantitative easing”, or money printing scheme, to use a phrase they refuse to acknowledge. But this is what it is when they create money out of thin air to purchase state bonds. This return to normalcy, on the surface, seems to be a step in the right direction toward a sounder economy less addicted to liquidity... but is that the case? We have already noticed that the Fed has stopped its QE in October, 2014, but that the ECB has, in a certain way, taken over in starting its own QE in March, 2015. However, the European institution has recently announced some tapering to come by winding down its monthly asset purchasing program to 30 billion euro (from 80 B, then 50 B) until stopping entirely in the course of the year 2018. So, are we witnessing a return to a sounder monetary and financial system? Well, I’m not so sure about...

from GoldBroker.com https://www.goldbroker.com/news/could-all-that-monetary-tapering-from-central-banks-be-useless-1248