Cheap money concentrates wealth (opens in new tab)

Dougald Lamont: Instead of addressing the economic crisis of the pandemic, monetary stimulus made it worse. It has contributed to a global affordability crisis in housing, a private insolvency crisis for tens of millions of people, provided the weathiest people in society with amounts ranging from hundreds of billions to trillions to buy more property and companies, all while increasing worker layoffs. It created the economic distortions and crisis that our countries are all living through, p...