2013-03-25

Mr. Bernanke's Neighborhood

Bernanke speaking on his Quantitative easing experiment: “Moreover, because stronger growth in each economy confers beneficial spillovers to trading partners, these policies are not “beggar-thy-neighbor” but rather are positive-sum, “enrich-thy-neighbor
http://www.marketwatch.com/story/bernanke-qe-is-an-enhance-thy-neighbor-policy-2013-03-25

During the first two years of Bernanke's Quantitative easing, the top 1% captured 121% of all income gains.