Re:What Economists Still Don’t Get About the 2008 Crisis
by e67f70028a46fba on Monday July 30, 2018 @05:01PM
(#17647997)
the inflation had already happened in the preceding asset bubble
QE got swallowed up to make the large creditors whole and it ended up being a massive wealth transfer to them, so you see elite real estate, art, etc. being bid up while the rest of the economy flounders around aimlessly
QE got swallowed up to make the large creditors whole and it ended up being a massive wealth transfer to them, so you see elite real estate, art, etc. being bid up while the rest of the economy flounders around aimlessly