Monday, January 30, 2012

Marc Faber : inflation benefits people with a lot of assets

Marc Faber : “Every society that went through high inflation rates, whether it was the U.S. in the 1980s or Zimbabwe or Germany, it always benefits people with a lot of assets, and people without assets are hurt. So inequality increases. That leads to a redistribution of wealth through taxation, or through social revolution it leads to poverty for everyone.” - in Edmonton Journal


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