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The problem was the money printing by the Federal Reserve. The money went into stocks, bonds and banks, creating an enormous wealth gap. People like Dalio saw h
by techimperial 8y ago
The problem was the money printing by the Federal Reserve. The money went into stocks, bonds and banks, creating an enormous wealth gap. People like Dalio saw huge wealth gains while the average Joe who doesnt own stocks/assests lost out enormously. Similarly democracy always ends in who can promise the most free stuff. Never, are big government programs ever scaled back they always get bigger and more expensive.