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April 25, 2024, 10:19 pm
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How Quantitative Easing Helps the Rich and Soaks the Rest of Us
Published:
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How Quantitative Easing Helps the Rich and Soaks the Rest of Us
http://reason.org/news/show/how-quantitative-easing-helps-rich
excerpt:
At the same time, all Americans have seen the prices of basic goods increase over the past few years in large part due to rising commodities prices. The whole idea of QE is to drive investors out of lower risk investments like mortgage backed securities and government debt and get them to put that money in “more productive” use—lend it, build skyscrapers, invest in technology, etc. Since there is little confidence about the future of the economy, many investors have crowded into the stock market with their money, and still others have invested in commodities.
Comments
Obama and his evil rich people.
You need to give Obama credit on this one if you figure it out. Obama and the feds keep the money with the rich people as they are the ones who pay the taxes in this country.
I do not hear too many rich people complaining about taxation. Not when money gets returned to them by these kind of policies.
Seems like the lower income individuals are the ones out there defending the rich so they can have the money to create jobs.
Brrruuuuuhaahhaahhahaahhahahahahahaahhahaha
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