The Great Depression

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    Does it matter that income inequality was heightening approaching the Stock Market Crash of 1929?


    I’m not sure if that’s true or not, but it would make sense.

    Look at our current situation. If we wanted to enrich the already wealthy and impoverish the poor and middle class, our beloved humanitarian overlords picked the perfect economic policy. Quantitative easing has, since the depths of the 2008 financial crisis, sent the stock market up 150%, with 80% of that new “wealth” going to the top 10% of earners. Everyone else gets rising prices and an absence of firms to compete for their labor.


    I’m not even sure that’s true, but I would welcome Professor Herbener’s input here, if you care to repeat the question in the Austrian Economics forum.

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