how not to fight inflation’ (The Heritage Foundation, 1979)
Robert L Schuettinger and Eamonn F Butler
This chart is part of the post and should get your attention. If it doesn't you must work at a central bank.
The chart below, courtesy of the St Louis Federal Reserve and Incrementum AG, shows the
expansion of the US monetary base since 1918; the three separate iterations of QE are marked:
US monetary base since 1918
The subject of growing inequality and income inequality is one of the hot political topics of the day and I believe the single biggest cause of the worsening trend is ignored because it challenges the very foundations
of the big government crowd. Big government imposes costs and failure to account for and pay these costs
cannot be wished away with legislative gimmickry. It has been tried again and again for 40 centures by every form of government and failed every time. Perhaps we should rethink!