Archive | Quantitative Easing

Oops! Philly Fed Admits QE widens inequality

Once again, the Federal Reserve proves that it’s the last one to know everything that we knew already.   Today’s stunning announcement:  The Philadelphia Fed admits they (“may have”) made the wealthy wealthier and Main Street poorer. Oops.  Sorry America. The Philly Fed insists that “redistributing wealth” to the wealthy isn’t the main idea, but just a potential side […]

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