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Comment by tormeh

QE, in particular, consists of buying second hand government bonds with printed money. The holders of government bonds are not a representative selection of the populace, to put it mildly. I have nothing against anti-cyclical measures (aka Keynesianism) but the implementation is ridiculous.

Giving low interest rates to the middle class just inflates the housing market, which is bad for everyone, even the middle class.

parent tormeh 8 years ago

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