Debt Rattle June 4 2015

[Raúl Ilargi Meijer]

G.G. Bain Political museums, Union Square, New York 1909 • It’s Wealth Inequality That Drags Down The Economy (WaPo) • US Companies Owe $1.267 For Eve
[See the full post at: Debt Rattle June 4 2015]

[Formerly T-Bear]

Would strongly disagree with the first, WaPo, entry. Contrary to Frenchman who flog popular, well selling books on economics, it is NOT inequality that drags down the economy, it is dire POVERTY that subtracts from whatever economy that produces inequality. No economy is without inequalities, it is the unrelieved, wanton disregard for the poor that become the rocks that sink such ill-designed economic ships. No chain is stronger than its weakest link; same can be said about economies. FDR and the New Deal knew that but their grandchildren have sold that producing farm for a handful of religious beans and promises from politicians. They can sleep under their crumbling bridges, it is too late for their education, let it begin now.

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