Economics

Rubs me the wrong way as well.

One issue is that every time US does QE, institutional investors try convert their dollars into US assets. They cannot resist. They buy property and its value rises way more than inflation figures. This serves the property sector but little else in the economy.

Setting up an infrastructure bank will supposedly prevent this but US is not set up to effectively spend money on infrastructure. They are set up to WASTE money because they have a very short term outlook on infrastructure investment.

From the article

Rather than trying to kneecap our competitors with sanctions and tariffs, we can grow our way to prosperity by turning on the engines of production.

Why do that through QE ?

If the US wants money for infrastructure, take property assets from the rich and sell it to the poor 🤑. If regular people are broke, the economy is broke. Housing is one of their biggest bills. Once regular people have cheap housing, they can spend more of their income in the local economy.

That demand will stimulate growing the local production which you do protect to a limited degree but keep them competitive with the rest of the world.

Isn't that a China strategy as well? The article kinda ignores that.