Thus the Financial Times today. “Officials uneasy over claim that policy directed money to rich,” explains the newspaper. Debate, what debate? That quantitative easing was designed to line the pockets of the rich was clear from the very moment Ben Bernanke introduced it soon after the onset of the financial crisis. The increasing number of the super rich is all that is needed by way of proof. Of course, the super rich do little to buttress economic growth and thus help the poor. Instead, they compete with each other for most fabulous mansions and pieces of art available on the market. The fact that all this is done by printing money is obvious enough. Central banks are squarely behind the rich in the pitiful endeavor. Now, who in the world can deny that these are the facts behind quantitative easing? If such people exist, they are politically motivated beyond any doubt. Their arguments are bound to be ideological to boot. To wit, quantitative easing needs to be abandoned as soon as possible. Instead, governments should invest into projects that benefit all. This will raise employment and consumption. But all this has been known for more than eighty years already. To the shame of the economics profession, it has been either forgotten or shoved under the rug.