4 ms·

the money the fed printed, what was the flow for it to end up in average Joe pockets? i thought most of it stayed in the central banking system and it was up t

• bern4444 5y ago
  You're not. The FED injects money into the banking system to prop up financial markets and lending activity (but mostly to other institutions - banks, business, wealthy clients - not people). Very little of that ends up in the average Joe's pocket. It's been wonderful for shareholders. Everyone else gets to suffer from the ensuing inflation.
• pjc50 5y ago
  Quite a lot of it was simply mailing cheques to individuals this time. It was the previous QE that was used to buy distressed assets off banks, an activity which was surprisingly profitable in the long term.
  • clpm4j 5y ago
    Even the neediest families ended up getting like $4-5k or something like that. Individuals got less. Literally enough to pay rent and feed families for a couple of months. No one got fat and happy off of stimulus money - some people just got less poor.
• anm89 5y ago
  Obviously a generalization but it mostly doesnt leave financial markets. Little bits do trickle out but a huge percentage doesnt. Real estate being the exception, but id pretty much call us real estate a financial market anyway at this point.