If both depositors and borrowers get it — depositors through higher interest rates and borrowers through lower interest rates — then it’s called dual interest r

If both depositors and borrowers get it — depositors through higher interest rates and borrowers through lower interest rates — then it’s called dual interest rates. If lenders and shareholders get it, then it’s quantitative easing. If the people get it, then it’s helicopter money, and so on. Winners and Losers Regardless of what channel the central bank uses to inject money into the economy, the winners and losers are the same: borrowers will be rewarded at the expense of lenders and depositors. Who seriously believes that all ways of distributing new money have the same winners and losers? Who seriously believes that quantitative easing and helicopter money / UBI have the same winners? Why is this essay anything else than yet another hodler pumping their bags?