Re:Income inequality today may be higher today than in any o...
by cheriot on Saturday July 02, 2016 @10:03AM
(#12022568)
Not any more.
1. The market value of money available to invest is its price.
2. The price of money is the interest rate.
3. Interest rates have been extremely low for a very long time.
Conclusion: the value of additional money available to invest is extremely low. That same money in the hands of the working poor will be thrown right back into the economy.
1. The market value of money available to invest is its price.
2. The price of money is the interest rate.
3. Interest rates have been extremely low for a very long time.
Conclusion: the value of additional money available to invest is extremely low. That same money in the hands of the working poor will be thrown right back into the economy.