SoylentNews is people
SoylentNews
"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: 2) by JoeMerchant on Wednesday August 23 2017, @01:39AM (3 children)
Seems like moral values should be given a price - and weighed in economic calculus accordingly.
🌻🌻 [google.com]
(Score: 2) by The Mighty Buzzard on Wednesday August 23 2017, @12:34PM (2 children)
They are. Morality is an individual trait though. No two people's is going to be identical outside a cult.
My rights don't end where your fear begins.
(Score: 2) by JoeMerchant on Thursday August 24 2017, @01:06AM (1 child)
Can't remember the last time I was paid cash money for moral values - nor anyone I know for that matter. I have often seen exercise of "high moral standards" being expensive to the practitioner.
🌻🌻 [google.com]
(Score: 0) by Anonymous Coward on Monday August 28 2017, @06:13PM
So, you've never worked in sales then?