3 ms·
"The United States has become an economy dominated by finance and governed by the Federal Reserve, which determines what money is worth and who gets it. The Fed
by elgabogringo 10y ago
"The United States has become an economy dominated by finance and governed by the Federal Reserve, which determines what money is worth and who gets it. The Fed has reduced interest rates to near zero. When anything is free, it is distributed by queue and only the privileged people in the front of the line get any. Some 62 percent of Fed money just flows back to the Treasury and two-thirds of the rest goes to S&P 500 companies that use it mostly to buy up their own shares. This is the first economic recovery on record in which small businesses have actually been shedding jobs."
http://www.sfgate.com/news/article/The-unicorn-economy-and-the-disturbing-plight-of-7960412.php http://www.sfgate.com/news/article/The-unicorn-economy-and-t...