Concentrated Wealth Is Strangling Prosperity

Re:Concentrated Wealth Is Strangling Prosperity by Eliezer on Sunday October 08, 2017 @02:56AM (#15427260)

I laughed at the Smaug example because it's a good analogy - wealth doesn't hurt anyone sitting in a cave. And aggregate demand is controlled by the Fed - if it's too low "because" rich people are sitting on bank accounts, everyone at the Fed should be fired for incompetence.

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Re:Concentrated Wealth Is Strangling Prosperity by userpass on Sunday October 08, 2017 @04:42AM (#15427469)

Right now the fed is trying to solve this issue by giving more money to the people with the caves.

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Re:Concentrated Wealth Is Strangling Prosperity by xiphias on Sunday October 08, 2017 @03:22AM (#15427312)

Why is it incompetence if Fed increases shareholder value?

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Re:Concentrated Wealth Is Strangling Prosperity by BoiledCabbage on Sunday October 08, 2017 @07:28AM (#15427822)

At some point people will realize it's bad too optimize the world for shareholder value.

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Re:Concentrated Wealth Is Strangling Prosperity by partomniscient on Sunday October 08, 2017 @08:33AM (#15427961)

But at that point, will it be too late to do anything about it?

Like most things, it depends where you are in the scheme of things.

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