Artificially low interest rates contribute to wealth inequality far more than most realize. They also contribute to the potential for the US dollar to become the next massive bubble.
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Artificially low interest rates lead to increased mal-investment across both public and private sectors.
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Negative interest rates are the world’s way of telling us that we should be spending vastly more money on beneficial capital projects.
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We live in a world with crumbling infrastructure and negative interest rates and yet somehow refuse to believe that those two problems could be solutions to each other.
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It accelerates global wealth inequality, primarily through the transfer of wealth from labor to capital/tech.
rates
corp borrowing
investment in automation
output
shareholder value
lower/middle class jobs
lower/middle class income
Which only worsens in a downturn. -
Also, that significant devaluation through QE would ultimately lead to the use of an alternative reserve currency for store of value and trade/commerce: - Alternative country’s currency - Alternative currency (eg Bitcoin) - Precious metal (eg Gold)
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But it did have to end like this: hyperbitcoinization.
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The Cantillon Effect effectively killed the American Dream for most people.
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I sure hope this one's not true. Do you know of any numbers on this? e.g income/wealth mobility? - Još 9 drugih odgovora
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Čini se da učitavanje traje već neko vrijeme.
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