Nov
06

Trickle Down Economics

By bailing out large financial institutions and deliberately trying to inflate the value of stocks, bonds, houses and commodities (by driving interest rates down to microscopic levels), central banks around the globe are probably increasing the wealth gap between rich and poor. After all, the poor don’t own homes or buy stock. That being said, the poor will have improved employment prospects as the economy improves. No policy is costless.

Share This Post
Facebook Twitter Email

Speak Your Mind

*