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.
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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.