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Monetary policy and the top one percent: Evidence from a century of modern economic history - M. El Herradi, A. Leroy
https://www.dnb.nl/en/news/dnb-publications/dnb-working-papers/Workingpapers2019/dnb383636.jsp
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I agree.
Looks like crony capitalism to me.
https://medium.com/@_unwriter/the-resolution-of-the-bitcoin-cash-experiment-52b86d8cd187
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From the abstract: "The obtained results indicate that expansionary monetary policy strongly increases the share of national income
held by the top one percent."
No real surprise :)
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"Our findings also suggest that this effect is arguably driven by higher asset prices, and holds irrespective of the state of the economy."
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