Message from @Colonel Sanders™
Discord ID: 533137464139841536
that’s my point
All due to central banks lowering interest rates and increasing money supply
percentile is a cool word
I suppose so
Imagine being conservative
🤔
Imagine thinking that just because someone has more than you that they owe you some of it
@Leo (BillNyeLand) the problem is you think wealth is distributed but it’s earned
if I worked for that extra cake then I deserve it
well again, I wasn't referring to individual ownership of stock
most companies are owned by institutions who take money from the fed
it's this investment that allows these companies to grow
They take investments
yeah of course i mean borrow
the 0% interest rates enourages this lending practice
Cheaper than borrowing from the banks ¯\_(ツ)_/¯
sometimes it can be hurtful
but during the end of obama's tenure I don't think it was
there was good growth and there still is
But my point is it’s not like the fed is giving them money for free
It’s helps the business grow and employ/expand their workforce
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
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