Before 1971 productivity and wages grew together. After 1971 they suddenly split. Productivity kept rising, wages flatlined. Federal Reserve counterfeiting is Robin Hood in reverse.
Posts tagged 'federal-reserve'
6 posts tagged with "federal-reserve"
Fed loans 0% interest to zombie companies that don't produce value. Japan's approach gave them 3 decades to recover. Volcker's alternative (1979) crashed then boomed.
Federal Reserve printed $4 trillion in 2020. Top 1% wealth increased by exactly $4 trillion that year. St. Louis Fed confirms. The math matches perfectly. Totally normal economic policy.
Federal Reserve creates money electronically, buys bonds from investors. Bondholders get free money first. By the time it reaches you, inflation already ate it. Money printer go brr.
Finance jumped from 4% of GDP (1960s) to 8% (2007), costing $2 trillion annually—more than healthcare, construction, food combined. It's computer money-shuffling.
Americans built 14 million empty houses costing $2 trillion because the Fed made borrowing artificially cheap. The government's success destroyed wealth on a massive scale.