video UK · 26 January 2022

Quantitative Easing & Inequality - BBC Newscast

This video discusses how quantitative easing, a policy where central banks inject money into the economy, disproportionately benefited asset owners, exacerbating inequality. It features economist Gary Stevenson, a former trader who profited by betting against economic recovery due to his understanding of inequality's impact.

By Gary Stevenson

Mentions George Osborne

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Arguments in this video

Curbs extreme inequality Gary Stevenson · 12:16
“massive increasing inequality massive massive increase in the wealth of the richest massive increase in house prices and stock prices so stock prices so qe is a”
Spending rises as living standards fall Gary Stevenson · 12:36
“big increase in house prices big increase in inflation and a massive falling standard of living so do the qe accept that it's going to cause a massive increase ”