Understanding QE and Economic Stimulus

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Government intervention in the economy boils down to stealing the interest on granny’s savings and giving it to Goldman Sachs. That is the essence of Federal Reserve Policy in this century.

Soon the world’s central banks will start aggressively buying stocks with no apologies. Some already are. Stimulus is never anything other than shifting the impact of economic trouble away from the politically powerful and putting the burden on the rest of the country.

About Fantasy Free Economics

James Quillian is an independent scholar and economist.

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