stm
“What central bankers do is print money – digitally these days – and then transfer those digits to financial firms. Now the money finds its way into the financial economy, including, most importantly, the bond and stock markets. Once the money has swelled the financial markets, the ‘real’ economy should benefit. And then once companies are feeling better about a ‘recovery’ they will finally start to hire. This convoluted chain of events is simply illogical. It would be much simpler just to GIVE people money if central bankers really wanted stimulate job growth and create prosperity. But that’s not what is happening because the object of central banking is to create money and maintain control of it.”
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