4 ms·
I suspect a large contributing factor to a growing gap between the 1% (and the 0.1%) and everyone else, is the enormous amounts of money pumped in by the Fed wh
by capitainenemo 1y ago
I suspect a large contributing factor to a growing gap between the 1% (and the 0.1%) and everyone else, is the enormous amounts of money pumped in by the Fed which go directly to those groups first. First crack before inflation...
I remember reading an essay by a former Fed member proposing to do this by inserting cash directly into bank accounts issued to every American instead, but I don't think these ideas have gone anywhere, probably not too popular amongst those currently benefiting for one thing.