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throw0101dyesterday at 4:31 PM1 replyview on HN

I am aware of today's inequality (e.g., I read Piketty back when he was making a splash). But the critique is that Greenspan argued gold standard = less inequality and that fails on the historical record.

If we want to talk about the causes of the 'New Gilded Age' that's something else. As a general starting point I'd begin with:

* https://en.wikipedia.org/wiki/Friedman_doctrine

* https://en.wikipedia.org/wiki/Reaganomics

* https://en.wikipedia.org/wiki/Thatcherism


Replies

4er_transformyesterday at 4:40 PM

Gold Standard is probably a force that acts against inequality but the forces pushing inequality today are just much stronger. Technology that creates winner take all markets and incredible leverage with few people being one.

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