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by fzeroracer 2838 days ago
This seems like an odd way of rationalizing the extreme concentration of wealth to the top along with growing poverty and lack of opportunity to climb the economic ladder.

Defining people in baskets like 'productive' and 'unproductive' is a fairly cold and callous way of looking at the plight of many Americans ranging from the poor to the elderly.

edit: Also to add onto my point: We've seen in America that people over time have grown more productive, yet wages have stagnated. If your theory was correct that productive Americans are allocated more resources, then presumably we should've seen the economy adjust accordingly.

1 comments

Well, I actually believe that the constant money printing (eg, expressed in the US M2 Monetary Stock) has badly messed up the ability of the economy to recognise who is and isn't productive. The system is in real trouble and not working as I'd like it to.

But the question wasn't what America is doing wrong, the question was why government intervention always leads to price increases.