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February 23 2010
Reposted from
phaedrus
phaedrusDecember 19 2009
From the wonderful Dean
Reposted by
December 14 2009
thanks 99.
November 05 2009
November 01 2009
via Matthew Yglesias » Bubbles and Inequality
as income inequality goes up, more money flows to the well-off, who use it to buy financial assets. Conversely, less money flows to the poor and middle class, who respond by increasing their debt level. Both of these mechanisms produce a higher demand for financial assets and therefore promote asset inflation.
as income inequality goes up, more money flows to the well-off, who use it to buy financial assets. Conversely, less money flows to the poor and middle class, who respond by increasing their debt level. Both of these mechanisms produce a higher demand for financial assets and therefore promote asset inflation.
Reposted from phaedrus
phaedrus
October 09 2009
October 05 2009
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September 28 2009
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September 27 2009
September 26 2009
Reposted from
puttyinmyhands via phaedrus
puttyinmyhands via phaedrus
Reposted from phaedrus
phaedrusJuly 15 2009
Reposted from
afoo via
aleKSandra
afoo via aleKSandra
June 08 2009
Reposted by
June 01 2009
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