Thank you for the thoughtful reply. I am familiar with QE, but wasn’t initially sure that was the policy you were referring to until your last reply.
Sincerely not trying to argue but I’m still not clear on the connection between QE and the redistributional effect of wealth to which you refer. Is it that main street lost wealth in the great recession whilst wall street was bailed out (i.e., main street defaulting on mortgages while wall street has the same mortgage assets bought off their books by the Fed through QE)?
