Centrally issued money optimizes inequality, monopoly, cronyism, stagnation and systemic instability.
Everyone who wants to reduce wealth and income inequality with more regulations and taxes is missing the key dynamic: central banks' monopoly on creating and issuing money widens wealth inequality, as those with access to newly issued money can always outbid the rest of us to buy the engines of wealth creation.
History informs us that rising wealth and income inequality generate social disorder.
Access to low-cost credit issued by central banks creates financial and political power. Those with access to low-cost credit have a monopoly as valuable as the one to create money.
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2 comments:
The only way out of our situation is we must revolt with military force , we must arrest obama , hillary and all democrats that are threatening our country , treason is good enough and trying to overthrow our government. The media that have lied should also be arrested . Now that the weather channel has gotten into the political arena , arrest them too . Global warming will not save your job idiots.
money created? what a joke our monetary units and system are. Shoulda never left the gold standard!
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