Western governments have printed trillions of dollars to boost their economies. While the asset-rich have reaped the benefits of QE, millennials and the poor have lost out.
Interesting read. If the governments had instead spent the trillions on infrastructure and jobs, the effect would have been beneficial for everyone as a whole. Instead, the QE programs have simply engorged the rich on cheap debt.
Source: How the world’s greatest financial experiment enriched the rich