How Central Banking Increased Inequality
Focusing almost exclusively on consumer price inflation, economists have overlooked the redistributive effects of money creation through other channels.
Focusing almost exclusively on consumer price inflation, economists have overlooked the redistributive effects of money creation through other channels.
For decades, the American media has been skillfully perfecting the art of creating its own "pseudo events" when real news has been hard to find.
Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.