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Fiat currencies historically stratify wealth at the top

Posted on: January 21, 2019 at 18:03:19 CT
ummmm MU
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because fiat currencies don't enter the economy evenly and because they inflate asset prices (i.e. inflate the value of those who already own a bunch of stuff).

Fiat currencies form part of the bad side of income inequality -- the type that results from centralized political favors. The type that has led to Washington D.C. being the richest area in the United States without producing many tangible goods.

The natural and acceptable side of income inequality -- that which results from the inequal productivity of different people -- is what you are sort of touching on, and that's not a problem at all.
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Is this an issue? Is it sustainable? If it continue in - TigerJackSwartz MU - 1/21 17:41:00
     What point do you wish to make? There has always - GA Tiger MU - 1/21 18:17:37
     Trying to raise taxes on the rich never works...they'll alwa - Logan BAMA - 1/21 18:15:18
     It's not an issue at all, and what do you mean by - Sal KC - 1/21 18:11:55
          Like most uneducated leftist he probably believes that every - DHighlander KC - 1/21 18:17:44
     your transformation is almost complete(nm) - dangertim MU - 1/21 18:03:30
     Are u accusing the rich of stealing from the poor? How so?(nm) - TigerFan92 MU - 1/21 17:55:32
     It's not relevant. The reason there are 3.4B people in - Ferg MU - 1/21 17:54:44
     End the Fed. Decentralize govt. (nm) - ummmm MU - 1/21 17:48:52
          So with no government there would no more poor?(nm) - DHighlander KC - 1/21 17:52:42
               That is quite a leap (nm) - ummmm MU - 1/21 17:54:25
                    it’s DH - pickle MU - 1/21 18:05:26
                         Speaking of expecting less. Thanks for once again jumping - DHighlander KC - 1/21 18:19:38
                    So what is your point then? What does the Fed have to - DHighlander KC - 1/21 17:59:05
                         Fiat currencies historically stratify wealth at the top - ummmm MU - 1/21 18:03:19
                              he ignored my response and straw manned me with - 90Tiger MU - 2/4 15:27:47
                              The examples that I gave have nothing to do with fiscal - DHighlander KC - 1/21 18:13:41
                                   you're so over your head you can't even see - 90Tiger MU - 1/21 18:25:31
                                   I wasn't talking about fiscal policy either. - ummmm MU - 1/21 18:24:37
                                        So your argument is that Jeff Bezos has more money than I - DHighlander KC - 1/21 18:32:23
                                             That's not even remotely my argument. - ummmm MU - 1/21 18:51:06
                                   RE: The examples that I gave have nothing to do with fiscal - pickle MU - 1/21 18:15:40
                                        he has no idea that he's in conflict with himself (nm) - 90Tiger MU - 1/21 18:26:25
     O-kay...So whose fault is it there are poor people? - DoltfromSTL MU - 1/21 17:47:20
     the goal is for everyone to be a millionaire, many to be bil - RayKinsella1922 SEC - 1/21 17:46:59
     And? Is it a zero sum game or do those making more also - DHighlander KC - 1/21 17:46:56




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