The money from ZIRP mostly goes to the upper class as it props up asset values - stocks, land & housing, luxury goods, etc.
In general easy lending benefits the richest the most - that's why you saw such a growing split between the wealth of the richest and poorest after throwing away the gold standard.
>The money from ZIRP mostly goes to the upper class as it props up asset values - stocks, land & housing, luxury goods, etc.
One that people tend to miss: compensation for high-income professionals. When that gets bid up, so does the price of everything they spend money on. Education/childcare, personal electronics, healthcare, transportation, food, etc. It's not just the wealthy and ultra-wealthy; when the upper middle class can pay and not feel pain, that's taken as a signal to jack up prices across the board.
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