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It is just another data point. With everything else equal, I am unconcerned about where the money is cloistered. The correlation between FED actions and wealth
by ghastmaster 4y ago
It is just another data point. With everything else equal, I am unconcerned about where the money is cloistered. The correlation between FED actions and wealth distribution is interesting in the least.
Many economic indicators are useless alone. When combined with other data they create a picture. For instance, if I tell you the price of gold per ounce went up today, that information is relatively useless, even if you own gold. If I add that the USD went down, then we can be pretty certain that the gold asset price went up due to the fact that the currency that it is priced in went down.
The wealth disparity information combined with tax and monetary policies creates a picture as well.
- CobaltFire 4y agoOff topic, but the way you used "in the least" made me do a double take. That's one of those phrases that's perfectly correct, but is so often seen in the opposite context (i.e. "not in the least interesting") that I had to stop and reread it.