A newly released survey underscores that "Americans have a solid grasp of the highly unequal concentration of wealth in the United States—and they think it's rotten."
The money supply is fixed. Government prints money but not to cover new jobs. It is all about transfer of wealth.
We could all be moderately wealthy if Billionaires were not a thing. Basic Income is perhaps feasible too.
Economist Gary Stevenson explains it well. He has over a million views of each video on YouTube.
He is working class as fuck but graduated from LSE & Oxford
and then made millions since 2008 betting that inequality will rise and that most people will be worse off. He was the most successful trader for Citibank but quit in disgust and to reveal the scam to the public. Now with a best-selling book.
The government lowers interest rates to increase economic growth and when the inflation is low. Lending increases the money supply because banks are not required to have full reserves. So yes, the Fed actually increases the effective money supply at the correct rate depending on whether they want the economy to grow or to control inflation
The money supply is fixed. Government prints money but not to cover new jobs. It is all about transfer of wealth.
We could all be moderately wealthy if Billionaires were not a thing. Basic Income is perhaps feasible too.
Economist Gary Stevenson explains it well. He has over a million views of each video on YouTube.
He is working class as fuck but graduated from LSE & Oxford and then made millions since 2008 betting that inequality will rise and that most people will be worse off. He was the most successful trader for Citibank but quit in disgust and to reveal the scam to the public. Now with a best-selling book.
https://youtu.be/BRvMuefnl0k
The government lowers interest rates to increase economic growth and when the inflation is low. Lending increases the money supply because banks are not required to have full reserves. So yes, the Fed actually increases the effective money supply at the correct rate depending on whether they want the economy to grow or to control inflation
The supply in circulation. Bonds are promissory notes. I don’t think the money disappears from ledgers.
The fractional reserve is fixed AFAIK.