Saturday, March 12, 2016

Does QE contribute to inequality?

Why yes.  Absolutely.

QE creates winners and losers.  The winners accumulate the newly created money and the losers are those who don’t accumulate it.

QE4P (QE for the people) is even worse.  The whole idea of it is for government to have money to give it out to chosen winners.  You didn’t really think they were going to give you some money did you?  Those not invested in or working for the winners have their purchasing power reduced while the winners accumulate some of the money.

Same 'ol story.

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