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It's even worse when you consider that central banks have been deliberately keeping wages down through decades of inflation targeting, while ignoring asset pric
by esja 6y ago
It's even worse when you consider that central banks have been deliberately keeping wages down through decades of inflation targeting, while ignoring asset prices. And fiscal policy has done nothing to compensate for this. It's actually made things worse by imposing much higher taxes on earned income than on capital gains and other wealth. The perfect recipe for greater and greater inequality.