Quantitative Easing

Quantitative easing (QE) is the name given for the current approach to addressing the deepening financial crisis. QE refers to the set of extreme accomodative monetary policies by central banks. These policies include massive lowering of interest rates, increasing liquidity and lending facilities, and outright purchasing of longer-dated government bonds (this purchasing is called monetization). Here is a collection of articles on QE:

1. http://www.nakedcapitalism.com/2008/11/on-feds-shift-to-quantitative-easing.html
2. http://www.sirchartsalot.com/article.php?id=98
3. http://economistsview.typepad.com/economistsview/2008/11/deflation-quant.html#more

The ultimate effects of QE could be dire - massive money printing and very high rates of inflation...