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I could be wrong but I don't think buying US treasuries would directly increase wealth inequality, since the money is being used to fund the US government. If the Fed bought other more private assets off the market (which I believe it does) then yes it could increase wealth inequality

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This would increase wealth inequality because it’s mostly well-off Americans that own financial assets.

Look at the wealth inequality increase since 2008. It can mostly be attributed to federal reserve QE policy.

Possibly, I may be confused between simply buying treasuries, and quantitative easing. Still learning!

To broadly simplify:

Buying treasuries = the Fed giving money to the US government

Quantitative easing = the Fed giving money to banks

In the case of the US, the entire game is also complicated by the fact that the US dollar has insinuated itself into the global economy. Most critically in oil markets.

Because of this, there are some things the Fed can do (mostly) without the consequences other countries would face.

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