The Austrian school knows immediatley what is wrong with QE, i.e. easy money created out of thin air. It leads to malinvestment-putting enormous resources into ventures that will not pay off in the sense of increasing net productivity. You know like build windmill farms and solar towers of power at great expense that at the end of the day don’t produce enough power to suppor their operating costs much less pay back the enormous investment to begin with.
Or investinging in ESG education which makes a people both unfit to govern and ungovernable rather than providing them with the normal skills of reading, writing arithmetic and other mechanical or creative arts that make people productive members of society. Or putting money into giving invaders a free ride rather than defending the borders and only letting in people who will be peaceable and productive members of our society. QE will be a gift that is going to be giving for a long time.
Well, you said it all so I don't have to....thanks!
:...Or investing in ESG education which makes a people both unfit to govern and ungovernable...”
Or allowing homosexual depravity to run amok in schools and society.
Our constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other: John Adams