Does Quantitative Easing Benefit the 99% or the 1%?
by George Washington
Forget Competing Theories … What Do the Facts Say about Quantitative Easing?
Paul Krugman says that QE, expansive monetary policy and inflation help the little guy (the 99%) and hurt the big banks (the 1%).
Of course, followers of the Austrian school of economics dispute this argument – and say that it is only the big boys who benefit from easy money.
As hedge fund manager Mark Spitznagel argues in the Wall Street Journal, in an article entitled “How the Fed Favors The 1%”: