Quantitative Easing in the Eurozone
I saw in the news yesterday that the European Central Bank has called for the use of quantitative easing to boost the current eurozone economy.
Does anyone know what QE actually is? All I know is that the central bank creates new money for use in the economy by printing money.
Furthermore, how can printing money help bring the eurozone back on its feet? Last time I checked, printing money just leads to economic catastrophe such as hyperinflation. (Eg. Hyperinflation in Weimar Republic, 1923)