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Comment by notahacker

To the extent capitalist speculation on housing as an inflation hedge drives up the prices of assets workers store much of their wealth in, it benefits them a lot more than "not bothering to invest in anything at all, least of all job creation" being the rich's hedge against deflation

If it "makes sense to you" that the lack of Gold Standard is the real reason workers are poor, it probably helps to consider that workers were much poorer for the vast majority of human history with a Gold Standard...

parent notahacker 4 years ago

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