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In effect, the Fed was printing money to boost asset prices and to keep the interest rates on US Treasury bonds low. One key problem with QE is that it transfers wealth to richer people away from average and poor people. In practice, this means that QE drives up housing prices and the...
My country is now in a cycle of communism. Anyone who is not homeless, moneyless, worthless is hailed. Anyone with wealth is butt-kissed. What a total travesty. … More The Fall & Decline of The British Isles Leave a comment The Fall & Decline of The British Isles One Step Beyond :...