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Charles Hugh Smith: Abolish the Engine of Inequality, the Federal Reserve

by Charles Hugh Smith

The Federal Reserve is the primary obstacle to reducing income/wealth inequality. Those who support the Fed are supporting a neofeudal arrangement that widens the income/wealth gap by its very existence.

The issue of income/wealth inequality is finally moving into the mainstream: which is to say, politicos of every ideological stripe now feel obliged to bleat platitudes and express cardboard "concern" for the plight of the non-millionaires with whom they personally have little contact.

I have addressed the complex causes of rising income/wealth inequality for years. Indeed, my book Why Things Are Falling Apart and What We Can Do About It is largely about this very issue.

Here is a selection of the dozens of entries I have written about rising income/wealth inequality.

Continue reading:
http://www.oftwominds.com/blogjan14/Fed-causes-inequality1-1...



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He's got a new one.

http://www.dailypaul.com/319795/the-housing-recovery-in-four...

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.

ChristianAnarchist's picture

He's right on. I've never

He's right on. I've never heard of him before but I'll have to spend more time reading his analysis.

Beware the cult of "government"...

It is a good blog.

http://www.oftwominds.com/blog.html

The Diamond Dog is a real cool cat. | Reporting on the world from an altitude of 420.