Collective Conscious

Robin Hard­ing (via):

The US Fed­eral Reserve made a record profit of $80.9bn in 2010 and sent $78.4bn to the US Trea­sury as income poured in from its pro­gramme of quan­ti­ta­tive easing.

Quan­ti­ta­tive eas­ing floods the econ­omy with money, but since it’s imple­mented by cre­at­ing money out of thin air, the Fed (and, by proxy, the Trea­sury) makes a lot of money doing it. That money is then used to reduce the deficit. QE is, plain and sim­ple, good for the econ­omy. Here’s the proof.