[quote=SK in CV]
I’m not so sure that it doesn’t benefit the economy as a whole, but there’s no question that the biggest beneficiaries are debt holders. That’s the big banks. Is there a better way to do the same thing or better for the economy as a whole without particularly benefitting the banking industry? I could be convinced, but I haven’t seen any ideas that meet the requirements.[/quote]

In my view the primary purpose of QEx is to allow the government to deficit spend over a trillion per year. The government would probably have to pay too much to incur that much debt without it. The fundamental problem is every economist/policy maker is focused on the demand side of the equation and how to create more debt to stimulate demand. It’s an idea that has run it’s course, but it doesn’t stop them from trying it’s the only thing they know.