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The source of wealth inequality is the Federal Reserve. The Federal Reserve uses its ability to create monetary reserves to rescue holders capital at every jun
by testfoobar 6y ago
The source of wealth inequality is the Federal Reserve. The Federal Reserve uses its ability to create monetary reserves to rescue holders capital at every juncture. The Fed has created a massive asymmetric system.
This year the Federal Reserve bought bonds of Apple. Why?
Taxing wealth is trying to fix the system at the end point instead of fixing it at the source of the problem.
https://www.cnbc.com/2020/06/29/the-fed-is-buying-some-of-the-biggest-companies-bonds-raising-questions-over-why.html https://www.cnbc.com/2020/06/29/the-fed-is-buying-some-of-th...