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In regards to wealth distribution: no, absolutely not; it didn't have an effect on wealth distribution other than leaving it as-is and then mostly flat-lining i

In regards to wealth distribution: no, absolutely not; it didn't have an effect on wealth distribution other than leaving it as-is and then mostly flat-lining it for a few years (before continuing the status-quo of increasing wealth inequality). Here's the Gini coefficient from 2000 until now for the USA; which, measures income inequality: https://www.statista.com/statistics/219643/gini-coefficient-for-us-individuals-families-and-households/ https://www.statista.com/statistics/219643/gini-coefficient-... It was anything but a disastrous policy, it was a disaster mitigating policy... it was one completely underfunded by any sane measure, but did mitigate disaster. Yeah, the banks got bailed out and no one got tried. Those two things are completely independent of each other. One has to do with economic policy and the other one is with governmental policy. Don't blame the bailout because the motherfuckers didn't go to jail.

nwienert 7y ago
Sorry, but the Gini coefficient is a not the data we are looking for here. It doesn’t capture at all rising prices and price to income ratio over time, inflation, interest rates, and most importantly, rent and land cost. You’d have to point at a much more robust analysis to prove the point either way, and there’s no way to look at it that doesn’t show a massive wealth transfer over the last ~decade. Look at capital gains vs savings rates over the last 12 and cry. Then look at pension funds debts. Finally, the Gini coefficient did go up from the highest of all first world countries to the highest by a significant amount. The bailout wasn’t the problem. There was no punishment, yes, and QE was a hands down unmitigated robbery and the major factor in the populist upswings around the world. Here’s a good one: https://www.census.gov/library/stories/2018/08/homeownership-by-age.html https://www.census.gov/library/stories/2018/08/homeownership...

nwienert 7y ago

Sorry, but the Gini coefficient is a not the data we are looking for here. It doesn’t capture at all rising prices and price to income ratio over time, inflation, interest rates, and most importantly, rent and land cost. You’d have to point at a much more robust analysis to prove the point either way, and there’s no way to look at it that doesn’t show a massive wealth transfer over the last ~decade. Look at capital gains vs savings rates over the last 12 and cry. Then look at pension funds debts. Finally, the Gini coefficient did go up from the highest of all first world countries to the highest by a significant amount. The bailout wasn’t the problem. There was no punishment, yes, and QE was a hands down unmitigated robbery and the major factor in the populist upswings around the world. Here’s a good one: https://www.census.gov/library/stories/2018/08/homeownership-by-age.html https://www.census.gov/library/stories/2018/08/homeownership...