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That the federal reserves inflation policies exacerbate the welth gap significantly. He then goes on to explain why and in what fashion.Well, imo, the question is first what is the author's gripe, or thesis.
It seems to me that he opines that the fed's expansionist credit policy has fueled the concentration of wealth. And if so, he fails to support his thesis with data that wealth was less concentrated than before.
File:2008 Top1percentUSA.png - Wikipedia, the free encyclopedia
notice that right around 1970-71, the wealth gap began to climb steadily. If you search, you'll also see that debt exploded during this time period. This was when Nixon took the remaining remnants of a currency anchor away and created the flaoter fiat of today. It's not a coincidence.
Much of that "wealth" is an illusio of paper money, not the actual expending of energy in creation/invention/production. It's all but an illusion.Moreover, the piece ignores the growth in overall wealth.
No that's not what he's saying. You dumb fuck.Mark must have missed the last 40 years where the US has been off the gold standard and money gets its value from the full faith and credit of the USA.
It's guys like Mark Stupenagel that are holding back the evolution of our intelligence.
Yah see, it's not the 400 people owning this country paying Labor a pittance, it's jew bankers. hahahahaha
That's what Mark is referring to in the first place. Did you just want to say something moronic for the sake of looking like a moron, or what?
It's not just Obama who has been aiding and abetting the unnatural concentration of wealth. You guys really need to break out of your idiotic partisan paradigms.
Both legs and both arms of our system are broken, not just the left limbs. You dolts.
No inflation? Of course there has been inflation.No he does not. there is currently no inflation. That's his first logical fallacy.
No that's not what he's saying. You dumb fuck.Mark must have missed the last 40 years where the US has been off the gold standard and money gets its value from the full faith and credit of the USA.
It's guys like Mark Stupenagel that are holding back the evolution of our intelligence.
Yah see, it's not the 400 people owning this country paying Labor a pittance, it's jew bankers. hahahahaha
That's what Mark is referring to in the first place. Did you just want to say something moronic for the sake of looking like a moron, or what?
The country has been flirting with deflationary concerns (not inflation as averred in teh article) for the last several years. No COLAs for a few of those years. Remember?
Of course you don't. You probably think I'm talking about Pepsi.
COLAs don't imply inflation. They are implemented b/c of inflation.No that's not what he's saying. You dumb fuck.That's what Mark is referring to in the first place. Did you just want to say something moronic for the sake of looking like a moron, or what?
The country has been flirting with deflationary concerns (not inflation as averred in teh article) for the last several years. No COLAs for a few of those years. Remember?
Of course you don't. You probably think I'm talking about Pepsi.
cost of living adjustments imply inflation.
The country is not flirting with deflation, either.