4 ms·
Yep. $2T printed into the real estate market, $1T to Wall St, $800b to stimulus checks... and the latter catches 100% of the blame, though it always seems to be
by schmidtleonard 2y ago
Yep. $2T printed into the real estate market, $1T to Wall St, $800b to stimulus checks... and the latter catches 100% of the blame, though it always seems to be people benefiting from #1 or #2 doing the talking.
In every mixed economy, there's a capital side and a labor side. Rich people getting paid for owning things, poor people getting paid for working. There's a healthy tension there, but for the last 50 years capital has been kicking the shit out of labor and it's really starting to show.