[neilwilson]

QE actually reduces the amount of money flowing in the economy, not increases it.

What it is is an exchange of assets that pay, say, 2.5% for once that pay federal funds rate. That's a net reduction in income for banks.

QE is just an assets swap attempting to reshape the longer term yield curve that hasn't been pulled down by setting rates near zero. It's got nothing to do with 'injecting money'.

For that you need to look at the fiscal flow data: spending less taxes.