But it sure helped out banks, who get to borrow from the Fed at near zero rates and lend at much higher rates.
The US tends to inject Government money into the economy through banks. In comparison, Japan tends to inject Government money through infrastructure projects. Some of the infrastructure projects are expensive for what they accomplish, but at least they're real things.
The US tends to inject Government money into the economy through banks. In comparison, Japan tends to inject Government money through infrastructure projects. Some of the infrastructure projects are expensive for what they accomplish, but at least they're real things.