Permanent Distortion How the Financial Markets Abandoned the Real Economy Forever

English | 2022 | ISBN: 1541789067 | 352 pages | True EPUB | 8.45 MB
A riveting exposé of a permanent financial dystopia, its causes, and real-world consequencesIt is abundantly clear that our world is divided into two very different economies. The real one, for the average worker, is based on productivity and results. It behaves according to traditional rules of money and economics. The other doesn't. It is the product of years of loose money, poured by central banks into a system dominated by financial titans. It is powerful enough to send stock markets higher even in the face of a global pandemic and threats of nuclear war.
This parting from reality has its roots in an emergency response to the financial crisis of 2008. "Quantitative Easing" injected a vast amount of cash into the economy—especially if you were a major Wall Street bank. What began as a short-term dependency became a habit, then a compulsion, and finally an addiction.