It's worth noting that the main beneficiaries of QE are the fixed-income desks at commercial banks, unlike the actual helicopter money proposal, which would ben

It's worth noting that the main beneficiaries of QE are the fixed-income desks at commercial banks, unlike the actual helicopter money proposal, which would benefit the people most hurt by recessions, holders of debt outside the financial system. It says a lot about the quality of public discourse on finance that the debate around QE has mostly been around whether it is inflationary, and not who benefits from this rather peculiar way of dealing with the failure of traditional monetary policy at the zero lower bound.