Print & inflate: Now tax the poor some more
Within the global economy, winners and losers can be split into two specific groups: the Have Nots and the Have Yachts. For the yachties… They get the wind of cheap money printing constantly filling their sails, which allows them to speculate, juice asset prices and end up with yet more yachts. However, the have-nots have to sit marooned and becalmed awaiting some imaginary trickle-down cash that never comes.
Host Ross Ashcroft is joined by economist Frank Shostak and investor and author Mitch Feierstein to discuss how Western leaders, policy makers and central bankers have managed to create such a divide…
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