https://wolfstreet.com/2019/11/10/t...-how-the-fed-boosts-the-1-as-told-by-the-fed/
This is why America is what it is today and why Australia should not emulate the Americans.
Listening to this video, in the US the rich gets richer and the poor and middle class can only strive for the American Dream which remains elusive to most , and we now know how big deal Medicare for all is in the US, though we almost take for granted in Australia.
But sadly we are increasingly, from pursuit of capitalism at the expense of societal values to excessive CEO compensation and financial repression coming to our shores. If left unchecked, unbridled capitalism could end up as societal norms and we become a system like the Americans.
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