After the collapse of world economies in 2008, the US Federal Reserve started printing money, buying US Treasuries and Bonds. This was called Quantitative Easing or "QE"
This went in three stages of QE1, QE2 and QE infiniti. It helped the US economy, employment, Wall Street, Housing, and Auto Industries drastically.
Printing money is a common practice in the World Economics, China, Europe, etc., based on certain economic principles.
Japan was the latest to print money and buy bonds, lots of it. The Dollar equaled 80 Yen, now 102 Yen in just 2 months. Yet this low value of the Yen will help Japanese exports, spurs economic activities, and quickly. Ironic huhh!!
In Egypt, the Dollar equaled 0.3 Egyptian LB at one point. Then became equals to 3 E. LB, and currently one Dollar equals 6 Egyptian Pounds.
By comparsion, with currency's easing, one expect that Egypt would have a boom in economics, low unemployment and very comfortable living in the land of the Pharos. Sadly that is not the case.
There is much more to economics than just printing. Adam Smith principles of 1776, Human Rights of 4000 years B.C. may give the boost needed..... Tourism. Just a thought.
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