Stimulating The Plutocrats

He is probably correct in his assessment of the best channel for QEII stimulus as envisioned, but we should not forget that they could also, in theory, print money and give it to poor people and that would be a much better stimulus.

This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion.

But owners of big stock portfolios are deserving of help, and poor fuckers working minimum wage jobs are not.