But also: A large percentage of any public companies' value can be decided by monetary policy, in the sense a companies value can be decided by inflation or deflation. Monetary policy is just an official term for central bank decisions to influence the supply of money and credit in an economy.
> When the inflated value leaves the stock market, it has an effect of deflating the value of the USD
If you're trying to argue that QE is bad because inflation is bad and people participate in profit taking, you'll need to get over that. What would you like to do? Ban the sale of stocks by persons over a certain net-worth?
> while creating market manipulation tools to coerce stock-driven companies
What, pray tell, are these tools? You know, besides creating mild inflation and some influence on interest rates?
Additionally, you seem to have forgotten that an explicit goal of QE is to lower interest rates, allowing everyone, not just the rich, easier access to capital in order to stimulate the economy. QE demonstratively does not solely redistribute more wealth to the wealthy.
Furthermore, your entire premise is shaky, considering the most prominent historical example (the US recession) mostly consisted of the Fed purchasing $4.5 trillion of mortgage-backed securities.
It's really not exactly "making money out of thin air" considering the Fed purchased securities pegged to a real good/service, mortgages.
Lastly, SV IPOs weren't exactly popular last year. Nor in 2016 or 2015.
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