Japan invented quantitative easing and the West copied it

Evidence

Then, Japan’s central bank inaugurated the policy of industrial-scale money-printing (euphemistically called ‘quantitative easing’) which, after 2008, was adopted by every one of the West’s central banks. — Yanis Varoufakis, Technofeudalism, 965

Categorization

• DEFINE: Grounds the term ‘quantitative easing’ in its actual origin point.
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 965
• XREF: connects to: Japanese macroeconomics defied standard Western economic laws; Japan’s economy defied Western economic predictions about currency, inflation, and unemployment — Samuel P. Huntington, The Clash of Civilizations and the…, 606

Broader Connections

• Japan’s economy defied Western economic predictions about currency, inflation, and unemployment #expands (0.85) — Samuel P. Huntington, The Clash of Civilizations and the…, 606
• Japanese macroeconomics defied standard Western economic laws #expands (0.75)