professor k tumblelogs it all
link

on that last: basically, the policy has been to make the rich richer in the hope that in turn they’d spend more, thereby making the economy stronger. This policy inadequately considered concentration of wealth, I think, as well as globalization. Maybe it would have worked better in a more closed economy, with less paper wealth, so that money HAD to recirculate? Maybe that’s worth speculating on, or maybe not.


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