It pumped money at all levels of the economy. It turns out the rich tend to benefit in such circumstance. For instance rent subsidies end up in the pockets of l

It pumped money at all levels of the economy. It turns out the rich tend to benefit in such circumstance. For instance rent subsidies end up in the pockets of landlords who are protected from the decline in the broader economy. People here don’t like it to be pointed out (they downvote any mention) but inflation is here and here it will stay for at least another quarter probably much longer. Don’t take my word for it, read about it yourself. Yellen predicts 4-5% inflation by the end of the year.