‘Money-printing spree has turned banks into drug addicts’

Waves of money printing have turned banks into "drug addicts" reliant on cheap cash to stay afloat, one of the world's top central bankers has warned. Raghuram Rajan, who was once a contender to lead the Bank of England, said repeated rounds of quantitative easing (QE) had encouraged lenders to…

#raghuramrajan #bankofengland #siliconvalleybank #mrrajan #telegraph #firstrepublic #fdic #universityofchicago #imf #lehmanbrothers