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The problem with QE was that banks did not lend the money. When you give money to people in the 99% they get injected into the economy immediately. They buy ins
by venomsnake 12y ago
The problem with QE was that banks did not lend the money. When you give money to people in the 99% they get injected into the economy immediately. They buy instantly goods and services. Although vouchers would have worked better though instead of cash. So people are forced to spend the money.