China Investment Head Gao Says Quantitative Easing Devaluing Paper Money

Posted on 01/28/2011


Bloomberg reports, “China Investment Corp. Vice Chairman Gao Xiqing said that central banks’ quantitative easing policies are hurting the value of money just one day after the Federal Reserve maintained plans to buy $600 billion of Treasuries. “You know money is gradually becoming not worth the paper it’s printed on,” Gao said at an event […]

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