Re:Banks, QE, and Money-Printing
by atmosx on Tuesday November 03, 2020 @08:02AM
(#24979229)
> They deprive everyone else of investment income.
Who that “everyone else” might be and what percentage of the population does “everyone else” represent in this context?
Keep in mind that there are other reasons they economy works the way it does. The end goal of a central bank or a government is not (contrary to popular belief) make investors rich, the end goal is stability and possibly prosperity for the society at large.
Re:Banks, QE, and Money-Printing
by burlesona on Tuesday November 03, 2020 @09:28AM
(#24979901)
That may be the stated goal, but the metrics relied upon to measure economic health do a good job measuring top line wealth and a poor job capturing the true quality of life for ordinary people.
Who that “everyone else” might be and what percentage of the population does “everyone else” represent in this context?
Keep in mind that there are other reasons they economy works the way it does. The end goal of a central bank or a government is not (contrary to popular belief) make investors rich, the end goal is stability and possibly prosperity for the society at large.