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House Price Rise?

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Today, the Federal Reserve – the most important economic institution in the US – will reaffirm polices that will just make the rich even richer.

Keeping interest rates at zero, after years of printing money has enriched owners of companies and shares at the massive expense of workers.

Central banks all over the world are full of people who believe rises in real wages are inflationary, but rises in share prices that are mainly of benefit to them in the long run are not.

Worse still, central bankers all over the world have chosen higher share and house prices as the desired way to kick-start the economy.

But this only suits the “already rich” who own these assets.


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