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Higher inflation targets would not be a good idea : Comments
By Saul Eslake, published 1/3/2010Lessons for economic policy-makers from the recent financial crisis and global recession.
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Posted by Ozandy, Monday, 1 March 2010 3:16:01 PM
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Why should financial industry take millions from the economy? Where was that wealth earned? Who has to work to actually create that wealth in the first place? Huge profits are followed by "financial crises" or "recessions" but really it's just "paying the piper". You can only BS reality for so long.
The trouble is the "gimmie" class gets all the wealth and the workers pay through unemployment.
Unearned million dollar salaries are theft from the rest of the economy.