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If we skip central banks and let the big banks fail we will have real market economy. As it now private banks make new debt money from thin air and are being sa
by acd 13y ago
If we skip central banks and let the big banks fail we will have real market economy. As it now private banks make new debt money from thin air and are being saved again and again by central banks. The big banks pay them selfes big bonuses during good years, the people pay for this by inflation by the new debt money the central bank creates too save the too big to fail banks.
The middle class is being bleeped since 1975. Checkout the graph on gdp per capita vs median income.
http://www.quora.com/Economics/Why-is-there-a-divergence-between-median-family-income-and-GDP-per-capita-Where-does-the-balance-money-go http://www.quora.com/Economics/Why-is-there-a-divergence-bet...
http://lanekenworthy.net/2008/09/03/slow-income-growth-for-middle-america/ http://lanekenworthy.net/2008/09/03/slow-income-growth-for-m...