Quantitative Easing: the Most Opaque Transfer of Wealth in History
Date Written: 24/07/2017
Year Published: 2017
Resource Type: Article
Cx Number: CX21101
Quantitative Easing, by 'injecting' money into the economy, was supposed to get banks lending again, boosting investment and driving up economic growth, but this has proven not to be the case.
Excerpt: In truth, the story that QE was about encouraging investment and boosting employment and growth was always a fantastical yarn designed to disguise what was really going on a massive transfer of wealth to the rich.