> QE and inflation is a direct wealth transfer from the poor to the rich. Inflat...

dragonwriter on June 18, 2016 | parent | context | favorite | on: Why Young Americans Are Giving Up on Capitalism

> QE and inflation is a direct wealth transfer from the poor to the rich.

Inflation is a direct wealth transfer from holders of net dollar denominated assets to holders of net dollar denominated liabilities. (QE is not relevant, except as a potential source of inflation.)

cderwin on June 18, 2016 [–]

Won't the poor have to share the tax burden to service the interest rates on the Fed's increased liabilities?