If you want a financial analyst who works in history, theory and specific effects, you'll do not better than Shostak.
As to QEVII or wherever we are, how it is affecting wealth, here Shostak is using the word wealth correctly..
They would rather rule in hell than serve in heaven.
Feel free to forward this by email to three of your friends.
As to QEVII or wherever we are, how it is affecting wealth, here Shostak is using the word wealth correctly..
An increase in money supply sets in motion an exchange of nothing for something, which amounts to a diversion of real wealth from wealth generating activities to non-wealth generating activities. In the process this diversion weakens wealth generators and this in turn weakens their ability to grow the overall pool of real wealth i.e. weakens their ability to grow the economy.If one reads wealth as "I am a speculator and I want what will give me the most money with the least investment" then Shostak is against that which will so distort the economy that such opportunities obtain. If wealth is the widest possible range of goods and services available to the widest group of people spending their own money, then such opportunities will not occur. One is rather obliged to work for a living, which is a dreadful idea to many.
They would rather rule in hell than serve in heaven.
Feel free to forward this by email to three of your friends.
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