What the U.S. Quantitative Easing Is Doing to Emerging Economies

As we all know, the U.S. has engaged in “quantitative easing” and is poised to launch another one.

Many experts have pointed out that U.S. quantitative easing is not helping to revive the American economy. Instead it is driving the USD down and foreign currencies up and causing horrific inflation.

Central banks in emerging economies have no choice but to protect their currencies and rein in inflation at the same time.

The U.S. policy choice is not just hurting its own economy and causing hardship in the many parts of the world.