# Where the money from QE goes

So when QE is used (or something similar that results in printing mone), where does the newly created money go? Does some entity get free money? Why is that allowed?

[...] where does the newly created money go?

This money is used by central banks to "buy" commercial banks' bonds $$\iff$$ commercial banks are refinancing themselves $$\iff$$ this money goes to commercial banks.

Does some entity get free money?