Blame the Fed, according to the Mises Institute. More or less, the path the Fed uses to "stimulate" the economy is to artificially inflate the value of securities held by the rich, and the inflation of the currency simultaneously makes the earnings of the middle class and poor worth less.
All too often, the "solution" is the problem.
Podcast #1,100: Money and Meaning — What Faith Traditions Teach Us About
Personal Finance
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We usually think of money as something very practical, concrete, and
secular; we earn it, save it, spend it, and crunch the numbers behind it.
But mone...
6 hours ago
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