Saturday, July 15, 2017

Magic Walrus in action

Deutsche: The Fed Has Created "Universal Basic Income For The Rich" And Now It Can't Get Out
"The accommodation and QE have acted as a free insurance policy for the owners of risk, which, given the demographics of stock market participation, in effect has functioned as universal basic income for the rich."
Big bank taking the inequality stand as Krugman and company  insist we take from the poor and give to the rich.  If the big banks are the only ones watching pout for the poor, then the big banks should be proposing the central bank neutral Banker's Coin. 

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