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    From Ros Altmann:economist and pensions,
    investment and retirement policy expert

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    Tag: quantitative easing

    Capitalism is the best system, but has it been undermined by QE

    Capitalism is the best system, but has it been undermined by QE

    28 September 2017 Mrs. May is right – capitalism boosts growth and economic progress but she fails to recognise central banks have distorted capital markets with dangerous political consequences  Government bond markets are rigged in favour of the strong at expense of the weak as QE redistributes wealth away from the young and enriches the wealthiest groups  Central Bank policies have operated as disguised fiscal policy without democratic accountability  Socialism is not the answer – that would make everyone poorer…

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