Gundlach: Why Not Give Everyone A Billion Dollar Check Instead of QE?

Fund manager Jeffrey Gundlach has been known to question conventional establishment economic wisdom, and today was no exception. When considering quantitative easing, and the disparity between rich and poor – a controversial mix of topics – Gundlach wondered what ramifications would QE have on the economic cycle and the concerns for a lack of inflation.  “One way to get inflation and level out wealth, is to give everyone a check for a billion dollars!” he said, only half joking as his audience laughed at the prospect.  “But we did this in the past,” he said at a recent luncheon speech…