Is Quantitative Easing Just For The Rich?
Is QE Just For the Rich?
HE SAID
“We’ve made rich people richer…,” “The question is what have we done for working men and women in America?” “QE was a massive gift intended to boost wealth”
Dallas Federal Reserve President, Richard Fisher
SHE SAID
“You know, a lot of people say, this is just helping rich people. But it’s not true. Our policy is aimed at holding down long-term interest rates, which supports the recovery by encouraging spending. And part of it comes through higher house and stock prices, which causes people with homes and stocks to spend more, which causes jobs to be created throughout the economy and income to go up throughout the economy.”
Janet Yellen, the newly appointed head of the Federal Reserve defending its quantitative easing program
What do you think?
Is the Federal Reserve’s multi-year/multi-trillion dollar quantitative easing money printing scheme just for the rich?
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