“We have a two-tier economy. We have an economy of well-to-do people from which I have benefited because I’m in the financial sector. My asset value has gone up, I benefit from rising asset prices because I own shares and I’m on the board of companies that own shares, fund management companies and so forth, but I’m not happy about the fact that the typical household and the working class worldwide is not doing well. And what will eventually happen and has begun to happen when you have rising wealth inequality, eventually you have politicians that will not assume personal responsibility for the rising wealth inequality that is largely fostered by monetary policies by central banks.”
(Visited 27 times, 1 visits today)
Related posts:
Remember Ruby Ridge
What Happens When the Surf Is Down: Contemplating Stocks without QE
Immense, Needless Human Misery Caused by Speculative Credit Bubbles
Detlev Schlichter: Of interest and the dangerous habit of suppressing it
Why the Status Quo Is Doomed
Why I Am an Anarcho-Capitalist
What would the Rev Martin Luther King think of Obama’s presidency?
Magna Carta, Subsistence Culture and Western Civilization's Future
MIT Economist’s Audacious Paper on Economic Climate Models
Atlanta Airport Abuses Uber and Lyft Drivers and Their Customers
Jeffrey Tucker: Is There A Viable Alternative To College?
The Pentagon, CIA, and NSA Are in Charge
Liberty: A Muslim-American Perspective
“Cruel and Unusual” Is the Only Way to Describe It
Glenn Greenwald: from MLK to Anonymous, the state targets dissenters