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Trump has put himself squarely in the camp of ‘Wall Street over Main Street’

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73% Informative

Trump administration pushing for artificially low interest rates and monetary inflation.

This is because low-interest-rate policy increases disposable income far more rapidly for people at higher income levels than it does for those at lower income levels.

Easy money fuels asset price inflation, and that’s only helpful if one owns a lot of assets.

Ryan McMaken : Low-interest-rate policy helps boost the wealth of wealthier segments of the population.

He says the average gains for people at the lower end are far smaller, or in some cases “negligible” or “precisely zero” McMaken says Trump is coming down squarely on the side of Wall Street and the wealthiest households.

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