I’d replace collecting food stamps for collecting heads.
Bubbaonthebeach@lemmy.ca 5 weeks ago
Crashing the economy is the point, isn’t it. Every crash the richest few scoop up the assets and the peasants (most of Americans) settle for working for whatever scraps they can manage.
Pilferjinx@lemmy.world 5 weeks ago
turnip@sh.itjust.works 5 weeks ago
What is the economy and the stock market except a perpetual bubble built on debt, as we lower rates and do QE to encourage people to borrow, in order to derive consumption via the wealth effect created by the cantillon effect?
The last crisis the housing bubble was created because housing was useful as a liquidity sponge, as we can gatekeep an inelastic good behind a wall of debt to create a wealth effect so people consumed more. This all seems to me by design, as we move from crisis to crisis.