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> "QE is proving to be a very inefficient way to inflate the economy." QE was never intended to inflate the economy. It was intended to inflate a price bubble
by avn2109 7y ago
> "QE is proving to be a very inefficient way to inflate the economy."
QE was never intended to inflate the economy. It was intended to inflate a price bubble in financial assets, particularly equities. It has been super successful and broadly speaking is working as designed. (At transferring value from society at large to the rich via this asset price bubble).