Re:Oxfam: 85 richest people as wealthy as poorest half of th...
by yummyfajitas on Monday January 20, 2014 @12:32PM
(#7090650)
There is a tape of the prime minister at the time saying that "salaries are to high and that's why the krona needs to be devalued."
Yes, it happens all the time and in many countries - it's called Keynesian economics and it's the dominant paradigm of modern economics. (Namely, inflate the real value of sticky nominal wages away to make hiring people more attractive.)
I have no idea why you believe this is some conspiracy to increase inequality. It's true that recessions reduce inequality, and ending a recession will increase it. But is it maybe possible that proponents of stimulus have ending the recession as their goal and increased inequality is merely a side effect?
Yes, it happens all the time and in many countries - it's called Keynesian economics and it's the dominant paradigm of modern economics. (Namely, inflate the real value of sticky nominal wages away to make hiring people more attractive.)
I have no idea why you believe this is some conspiracy to increase inequality. It's true that recessions reduce inequality, and ending a recession will increase it. But is it maybe possible that proponents of stimulus have ending the recession as their goal and increased inequality is merely a side effect?