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Yeah, if you print money and give it to rich people they are less likely to spend it in the real economy. It still increases the purchasing power of rich people
by jjoonathan 4y ago
Yeah, if you print money and give it to rich people they are less likely to spend it in the real economy. It still increases the purchasing power of rich people. It still pumps assets, favoring asset holders at the expense of asset purchasers. It's still weaponized class warfare.
If you want to call this something other than money printing -- "lending," for instance -- I'm going to ask you to put money where your mouth is and bet that the Fed actually reduces its balance sheet to zero in some time frame.
I have a sneaking suspicion that you will not be keen on taking this bet.