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Yes, QE Creates Wealth Effects

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Tags Fed WatchFinancial MarketsMonetary Policy

07/31/2020Robert Blumen

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: "Yes, QE Creates Wealth Effects​".

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