by Summary:
Quantitative easing is often seen as a necessary tool for economic recovery. Many believe it stimulates growth and helps everyone. But this belief is fundamentally flawed. It primarily inflates asset prices, benefiting the wealthy. The rich own most shares. So, when asset prices rise, they reap the rewards. Meanwhile, the majority, who own minimal shares, see no benefit. This creates a widening economic divide. Imagine a balloon. When you blow air into it, the balloon expands. But if only a few people have access to the air pump, only they benefit from the balloon’s size. The rest are left with a deflated experience. This is what quantitative easing does. It deepens inequality. And it sets us up for another crisis. History shows us the consequences of such
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Quantitative easing is often seen as a necessary tool for economic recovery. Many believe it stimulates growth and helps everyone. But this belief is fundamentally flawed. It primarily inflates asset prices, benefiting the wealthy. The rich own most shares. So, when asset prices rise, they reap the rewards. Meanwhile, the majority, who own minimal shares, see no benefit. This creates a widening economic divide. Imagine a balloon. When you blow air into it, the balloon expands. But if only a few people have access to the air pump, only they benefit from the balloon’s size. The rest are left with a deflated experience. This is what quantitative easing does. It deepens inequality. And it sets us up for another crisis. History shows us the consequences of such
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Quantitative easing is often seen as a necessary tool for economic recovery. Many believe it stimulates growth and helps everyone. But this belief is fundamentally flawed. It primarily inflates asset prices, benefiting the wealthy. The rich own most shares. So, when asset prices rise, they reap the rewards. Meanwhile, the majority, who own minimal shares, see no benefit. This creates a widening economic divide. Imagine a balloon. When you blow air into it, the balloon expands. But if only a few people have access to the air pump, only they benefit from the balloon’s size. The rest are left with a deflated experience. This is what quantitative easing does. It deepens inequality. And it sets us up for another crisis. History shows us the consequences of such policies. The 2008 financial crisis was a direct result of unchecked asset inflation. When the bubble burst, it wasn’t the wealthy who suffered the most. It was the average worker, losing jobs and homes. This pattern is repeating itself. If we continue down this path, we risk another catastrophic event. Instead of inflating asset prices, we should focus on sustainable growth. Investing in infrastructure, education, and healthcare benefits everyone. It creates a more equitable society. And it reduces the risk of future crises. So, let’s rethink our approach. Let’s prioritize policies that uplift all, not just the few. The future of our economy depends on it. |
The impression given by the original intention was to unblock the Japanese Economy temporarily, which suggests that a little success was a dangerous thing when it alleviated some symptoms, and the same then applied to MMT stimulus.., and the whole Control Fraud reverse process of looting the system by paying the policy actors to go against public services by austerity instead.., dunno(?)
Stop investing
In the UK 18% of income, wealth, is asset stripped by the state. That's for people's old age. It's spent leaving a debt.
So the majority are banned by the state from asset price increases.
They have no shares because the socialists have stole their wealth.
Now the left comes along and says Print Money. More QE, its the same thing. Spend it. More inflation but none of that goes to the workers because they have been asset stripped.
Socialists demanding the rich get richer, and lying about what they have done to people.
Deficit spending = QE.