3 ms·
I think this article has a shallow take on the effects of governmental debt. It's not we run a significant risk of the whole system falling like a house of card
by barbacoa 6y ago
I think this article has a shallow take on the effects of governmental debt. It's not we run a significant risk of the whole system falling like a house of cards, it's that this perpetual QE is leading to a massive redistribution of wealth from the poor to the very rich.
There is no such thing as free money, inflation is the hidden tax that pays for all this.