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central banking
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- Stewdebaker...
Wealth keeps concentrating because the system is set up that way. Once people hit a certain wealth, they can live very easily off dividends. Those on the lower end, on the other hand, are constantly fighting an uphill battle.... Raise your hand if you think the Fed should start raising interest rates again.
Photo above - The Federal Reserve Board of governors doesn't HAVE to release the minutes of their past meetings, but occasionally they do so anyway. The good news: Inflation last month dropped to 2.4%, from a high of 11% at the end of the Biden presidency....