Quantitative Easing (Badi Bimari, Bada Injection)
Normal economy mein bimari ka ilaaj interest rates (Brake) dabana hai. Lekin jab mareez (economy) ICU mein ho aur 0% interest pe bhi jinda na ho - us emergency medicine ko QE kahte hain.
2008 ki financial crisis aur recent Global pandemic (Covid-19) ke waqt aisa hi hua tha. Central Banks ke paas asoolan Interest rate zero '0%' tak aa gaya tha par log loan lenay phir bhi nahi aa rahay the. Ab banks ke paas sirf ek raasta bacha tha: 'Paisa hawa mein print karna'.
Quantitative Easing (QE) ke under, U.S Federal Reserve ne lakho crore (Trillions of Dollar) computer me digital enter kiye aur us digital hawa se sidha Government aur Bade Corporation ke Bonds kharede! Aam zaban mein: 'Hum khud print karke khud ka maal khareedenge market mein confidence (liquidity) bananay ke liye'.
Ye injection direct aam admi ki jeb me nahi aata. Yeh stock markets aur barey banking institutions aur corporates (jaise BlackRock/Vanguard) ke hath mein jata hai. Ise 'Trickle Down' theory kehte hain ke jab upper ameeron ke pass paisa ayega tab neeche awam par boond giregi. Nateeja? Stock market All Time High aur awam ki rozi aur job gayab (Inflation).
Sochiye: Jab system itna toot jaye ke bachane ke liye rules bend/break karna aur note chhapayi zaroori ho - toh kya woh asal azaad market (Free Capitalism) bachi hai ya central planning (Dictatorship) ban gayi hai?
Key Takeaway
QE Asal me Central banks ki 'Money Printing Machine' chalne ka fancy word hai. Yeh totally stock market aur bank balances artificial tareekay say boost karta hai aur haqiqi dunya ki pocket mehangai (inflation) say khaali hoti hai.