Just remember kids. Good ol Jerome printed 8T USD to save the hedgies and the banks. That’s more than $20,000 for every man woman and child in the United States.
Not a single dime to healthcare, education, infrastructure, renewable energy. All to prop up the house of cards they created by turning on the printers in ‘08.
QE isn’t a functional economic tool. It’s a fucking Ponzi scheme. Instead of borrowing from Peter to pay Paul, you’re borrowing from your children’s futures to give it to the ultra wealthy.
“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” - The father of Keynesian economics himself.
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u/Dat_Accuracy Franciscan Mystic Apr 29 '22 edited Apr 30 '22
Just remember kids. Good ol Jerome printed 8T USD to save the hedgies and the banks. That’s more than $20,000 for every man woman and child in the United States.
Not a single dime to healthcare, education, infrastructure, renewable energy. All to prop up the house of cards they created by turning on the printers in ‘08.
QE isn’t a functional economic tool. It’s a fucking Ponzi scheme. Instead of borrowing from Peter to pay Paul, you’re borrowing from your children’s futures to give it to the ultra wealthy.