Gundlach: If we go to another level of free money, I think the wealth inequality will get worse

The investor cited the Women’s March on Versailles in October 1789 during the French Revolution that began in the market over the high price and shortage of bread that culminated in women besieging the palace. 

“[They] did it in the pouring rain, and many of them, I suspect, didn’t even have any shoes. So why did it come to that? Well, the money printing and the giving away, ended up making the middle class poor, and the prior poor class starving to death. And at the other end, the people who were controlling the levers of the money printing became more wealthy,” Gundlach said. 
— Read on

Pope Francis: it might be time to consider a ‘universal basic wage’ – Business Insider

In his letter, Pope Francis also noted that some of the lowest-wage workers “have been excluded from the benefits of globalization” and often slip through the cracks of existing labor protections, writing that “street vendors, recyclers, carnies, small farmers, construction workers, dressmakers, the different kinds of caregivers…you have no steady income to get you through this hard time…and the lockdowns are becoming unbearable.”
— Read on

Blog at

Up ↑