"Although today high levels of inequality in the United States remain a pressing concern for a large swath of the population, monetary policy and credit expansion are rarely mentioned as a likely source of rising wealth and income inequality. [...]
The rise in income inequality over the past 30 years has to a significant extent been the product of monetary policies fueling a series of asset price bubbles. Whenever the market booms, the share of income going to those at the very top increases.[...]
[F]inancial institutions benefit disproportionately from money creation, since they can purchase more goods, services, and assets for still relatively low prices. This conclusion is backed by numerous empirical illustrations. For instance, the financial sector contributed massively to the growth of billionaire's wealth"
Source: https://mises.org/library/how-central-banking-increased-inequality
I'll leave my comments as comments, but note that The Mises Institute is proudly, one might say almost by definition, Austrian School. Both the Institute and the School have had their fair share of criticism. Which of course doesn't mean that individual author is wrong on this particular matter. -- Ed.(FP)
(Score: 3, Insightful) by DECbot on Tuesday August 22 2017, @07:47PM
Then they are doing it wrong. They should at least vet if the money is a one-time contribution or if it is reoccurring. Likewise, they should determine the possibility of how the news media and the courts would approve of their acceptance of the funds. Taking cash from terrorists==fine as long as you didn't accept the cash in a combat zone while firing on US troops (which may not necessary be bad...); taking candy from babies or white nationalist==career ending.
cats~$ sudo chown -R us /home/base