... pelo insuspeito George Reisman:
Credit Expansion, Economic Inequality, and Stagnant Wages
"(...) The truth is that credit expansion is responsible not only for the boom-bust cycle but also for another major negative phenomenon for which public opinion mistakenly blames capitalism: namely, sharply increased economic inequality, in which the wealthier strata of the population appear to increase their wealth dramatically relative to the rest of the population and for no good reason.
It is not accidental that the two leading periods of credit expansion in history — the 1920s and the period since the mid-1990s — have been characterized by a major increase in economic inequality. Both in the 1920s and in the more recent period, a major cause of the increased economic inequality is that the new and additional funds created in credit expansion show up very soon in the financial markets, where they drive up the prices of securities, above all, common stocks. (...)"
Outro exemplo de desigualdade induzida: é o sistema financeiro e as grandes empresas "consumidoras" de crédito, dois grupos "perto" da criação de moeda que tem lugar com a concessão/expansão do crédito, que primeiro utilizam essas novas quantidades de dinheiro na economia, ou seja, com grande parte do seu poder aquisitivo intacto porque os preços ainda não reflectiram a existência de moeda adicional. Prejudicados? Aqueles que estarão em último lugar na cadeia de utilização dessas novas quantidades de moeda, sendo um exemplo, o sector primário (agricultura, etc).
Tuesday, January 15, 2008
O caso à esquerda contra os Bancos Centrais e a inflação monetária
Publicada por CN em 13:41
Etiquetas: Textos de Carlos Novais
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