westvirginia Posted September 18, 2012 Share Posted September 18, 2012 http://reason.com/ar.../occupy-the-fed How Quantitative Easing Helps the Rich and Soaks the Rest of Us Quantitative easing—a fancy term for the Federal Reserve buying securities from predefined financial institutions, such as their investments in federal debt or mortgages—is fundamentally a regressive redistribution program that has been boosting wealth for those already engaged in the financial sector or those who already own homes, but passing little along to the rest of the economy. It is a primary driver of income inequality formed by crony capitalism. And it is hurting prospects for economic growth down the road by promoting malinvestments in the economy. Quote Link to comment Share on other sites More sharing options...
wiegie Posted September 18, 2012 Share Posted September 18, 2012 That is an, uh, "interesting", take on QE3. I, professionally, do not think QE3 will operate as a regressive redistribution program. Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted September 18, 2012 Share Posted September 18, 2012 another article Quote Link to comment Share on other sites More sharing options...
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