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Quantitative easing has inflated asset prices. Downside is things like gold standards are a huge boon for asset holders and sucks for everyone else
by notfromhere 9y ago
Quantitative easing has inflated asset prices. Downside is things like gold standards are a huge boon for asset holders and sucks for everyone else
- hammock 9y agoQE would be good for asset holders then...? And gold standard would hold down asset prices. Not sure you're making sense
- notfromhere 9y agoQE is good for asset holders as long as there is no inflation in wages to match asset bubbles. Gold standard tends to cause deflation, which is bad for debtors. I was talking about it from a inflationary perspective. QE didn't lead to inflation in the US example because of the way it was carried out.
- hammock 9y agoAnd wages are not inflating (relative to assets)...so I still don't get how you think QE has been bad for asset holders to date.