Why Printing Money Didn’t Make Ordinary People Richer | Gary Stevenson скачать в хорошем качестве

Why Printing Money Didn’t Make Ordinary People Richer | Gary Stevenson

After the 2008 crash, interest rates were cut to zero and governments spent heavily. Economists predicted a fast recovery. That didn’t happen. Former Citibank trader Gary Stevenson (‪@garyseconomics‬) explains why low interest rates didn’t make ordinary people richer — and why people couldn’t spend more even as money flooded the economy. Gary shows how middle-class wealth was quietly eroded, why governments and households fell into debt at the same time, and how this points to a long-term transfer of wealth towards a small super-rich elite. A clear explanation of why inequality held back recovery — and why living standards kept falling.