What is quantitative easing? It is the government using tax payer money to bid up asset prices so that those that own assets of the same kind can benefit from those higher prices while those that do not can choose to either pay the inflated prices to buy the assets at a substantially lower return on investment or go looking for alternatives. Meanwhile those that simply earn wages for a living are completely left out of the party as their output become less necessary and the purchasing power they earn for their labor time decreases.