The cheap credit perverts the entire economy away from productivity growth, which is what produces real wealth that tends to be widely shared. It doesn't matter

The cheap credit perverts the entire economy away from productivity growth, which is what produces real wealth that tends to be widely shared. It doesn't matter how the cheap credit is distributed, the credit just redistributes wealth and doesn't increase it. There's that and then also the problem of the global monetary system. The average American is getting crushed by the dollar reserve currency system. America can't be globally competitive in labor intensive industries in substantial part because of it. Triffin's Dilemma. But the ability to issue endless USD denominated debt that the rest of the world eagerly gobbles up is fantastic if you're closely attached to the DC cash spigot or NYC banking. So there's this direct opposition of interest between the current elite who derive enormous power and wealth from the system, and typical Americans who just want a job.