Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source

It is a version of a trickle-down effect. Is it not the case that the overwhelming effect of QE, let us say in the United States, which is the most recent example in a similar type economy, although obviously there are some differences, is an asset price bubble, and that very little of it trickled down? Are there any examples where QE had a demonstrative, significant effect on inflation rates?

Is it not also the case that asset price bubbles lead to an increase in wealth inequality because it is the top 10% and top 1% who own shares, bonds and assets of all sorts and that has been the effect of QE in the United States in particular?