so overall it’s a good investment for the fed because the more employed the more people pay in taxes etc

And plus they get the money back from the companies

well at a 0% interest rate, they are basically giving them money for free lol

hol up doing a raid

@Leo (BillNyeLand) and

What’s wrong with income inequality

@Colonel Sanders™ 0% interest rates and cheap monetary policy

Will always cause a bust

It’s not the bust you should fear but the boom

The bust is good as it corrects the malinvestments in the economy

And by fear the boom I mean if the boom is built on a cheap credit policy , expansionary policy

But @hcaez Obama had very weak growth

Only president not to reach 3% annual growth despite that 800 billion dollar stimulus, QEs and cheap credit

The point is that people with money are usually the ones who benefit from things like rising stocks and QE

Which allows them to make more money solely based on the fact that they already have money to begin with

@Leo (BillNyeLand) how is that a problem

People benefit

That’s good

But it doesn’t trickle down

People without money just end up having to accumulate more debt

Loaned to them by people who have the privilege of wealth, even if they only got there through no hard work of their own

It stifles economic growth, as people in debt are less likely to invest or save money

Trickle down what?

You do realise when they save it in banks it gives people money to borrow

Which promotes economic growth

Saving not spending creates economic growth

Poor people are generally idiots when it comes to money by the looks of it, instead of saving they spend

It isn’t supposed to “trickle” down

I don’t know what that means

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ he means like the money going from the top CEO’s to the workers at the bottom I.E higher wages/more jobs

Which it does trickle down

So I have no idea what the fuck he’s talking about

gotta love when they see that the 1% control like 33% of the wealth but don’t realize most of that goes back into the economy <a:ablobcool:400351720582021121>

I’m saying that it’s because of inequality that people aren’t able to save enough money

And instead have to borrow money from those who do have it

And therefore it’s really only the people with money who benefit from saving/investing money using banks

@Leo (BillNyeLand) no it’s the people who can borrow from that very money

Which stimulates the economy

Income inequality is not a problem

All wealth should be distributed equally

Why