And it was not growing before QE???

…ey of Consumer Finances, the wealthiest 10% of U.S. households now control nearly 70% of all wealth, a figure that has grown steadily since the introduction of QE in 2008.
The Illusion of Prosperity: Central Banks, Money Creation, and the Fragile Future of Global Finance
4.1K
14
Finance Fusion Hub
Tim Knowles
·Follow
Aug 20, 2024
--
And it was not growing before QE??? It is an aphorism that the rich get richer faster than the poor get richer. The phenomenon is not linear, it is exponential. QE did not make it so; it is just the nature of the accumulation of wealth. It takes money to make money.
TEK
TEK
--
--
Written by Tim Knowles760 Followers
·67 Following
Worked in our nations space programs for more than 40 years
No responses yet
Help
Status
About
Careers
Press
Blog
Privacy
Terms
Text to speech
Teams