Quanatative Easing is an inefficent top down economic approach.

[Ail]

Kasz216 said:

http://www.cnbc.com/id/49031991/Does_Quantitative_Easing_Mainly_Help_the_Rich

http://www.moneyweek.com/news-and-charts/economics/global/bill-bonner-qe-favours-the-rich-60512

This is an amusing thing about the elections this year... since Republicans are against QE, Democrats are for it.

QE greatly helps out those with assets, espiecally financial assets. 

 

Essentially it's a BIG valuation increase for those high in assets.  "Wealthiest .01%" or whatever.

At the low bargin cost of food and other commoddities (and products made from them) to get more expensive.

 

Isn't Romney whole economical plan to cut taxes to rich so that they can invest more into the economy and create more jobs ?

Well it looks to me like QE does the same thing in a different way :P ( it doesn't cut taxes but it increase their income so in the end the result is the same)

Now if you argue that does little for jobs, I don't see why the tax cutting thing would work any differently..

Not thatI, personally have any position on QE, I have benefited from it so I am not going to complain too much about it...