2 ms·
Presumably grandparent means QE, ZIRP and the whole range of other easy money policies that inflate the money supply but give investment banks, and the financia
by ElevenLathe 4y ago
Presumably grandparent means QE, ZIRP and the whole range of other easy money policies that inflate the money supply but give investment banks, and the financial industry generally, first crack at the new money. This is definitely a way in which "just being rich" gets you access to policy-defined ways of making money basically risklessly.