September 21, 2013

Quod erat demonstrandum

Gelesen im Economist von gestern:
"Emmanuel Saez at the University of California, Berkeley, reckons the top 10% grabbed its largest share of total incomes since 1917 last year. This is partly due to QE ['Quantitive Easing'], which has been very good for the stockmarket and thus the wealthy. QE works in part by boosting household wealth and thus spending and jobs, but the effects have not yet filtered through strongly to the wider economy. The taps will be open a while longer yet."

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