re: #303 FemNaziBitch

I guess I see it all as a result of the break-down of Glass Steagall. Wealth inequality is the result —no?

No, I think wealth inequality was starting to come into play well before then. Like GeneJockey said, the effects were just muted because of the easy availability of credit, which led to a lot of people being overextended. When the economy started to slow down slightly, things entered a vicious cycle which was exacerbated by the repeal of the Glass Steagall stuff, but that’s not the reason for wealth inequality.

I mean, the whole concept of “trickle down” economics predates the repeal by a lot.