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The increase in inequality was ongoing before that, so you haven't linked QE and inequality. Neither has Bernanke, who says the ties are very opaque. Furthermo
by HiLo 11y ago
The increase in inequality was ongoing before that, so you haven't linked QE and inequality. Neither has Bernanke, who says the ties are very opaque.
Furthermore, this isn't a massive asset bubble, nor does it fit the description of them. What sectors are in a bubble? If they popped, would they bring the economy down with them?
Your most credible case on this would be the energy industry - "low rates allowed shady shale companies to borrow billions at ultralow rates," right? OK, so now that the price of oil has been cut ~65% (65% of your revenues, gone!), we:
1. Still have positive inflation, even when accounting for energy
2. Still have a functioning energy sector
3. Haven't experienced any kind of major economic dislocations.
I guess what I'm asking is, how is this recovery making things worse in the long run, than a total economic collapse in a nuclear age would have been?
- deleted 11y ago[deleted]