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.
RT @sthenc: Trillions of dollars created this week.
Bankers get to spend the new money first, before prices have adjusted to increased supply, so they benefit most.
By the time new money trickles down to average folks, everything is more expensive.
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Amazing that nobody in politics talks about how monetary policy has made it so you need so many dollars to get by in the first place. By the time the "fight for $15" is won they will need to immediately "fight for $20" because the purchasing power will continue to be wrecked by the Fed.