Quantitative easing works by central banks printing money and giving it to banks as overdrafts, banks refuse to lend to small businesses, so instead they call large corporations like Google, Apple, Volkswagen and offer them free money; these corporations don't need money so they take it and buy back their own shares, creating stock market appreciation disconnected from business fundamentals

causalpending

Speaker

Yanis Varoufakis

Evidence Quote

central bank prints money...they call google apple and they say do you want a few billion...they take it and they go to the stock exchange and they buy back their own shares [23:52]

Source

Can we Fix Capitalism? Yanis Varoufakis vs Gillian TettIntelligence Squared
Created: 8/12/2026, 10:33:04 PM

My Notes

Loading notes...