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The “advantaged ingroup” presented in the study is not “the wealthy”, but rather “white Americans, people without a disability, men, and non-felons”.

They’re not addressing the question of “the wealthy”.




Sure. I’m not going to defend the study. My critique was aimed at the idea that the concept of a non-zero sum situation didn’t exist.


In a supply constrained economy (which USA currently is, can see this from inflation), the supply of goods is zero sum. The government printing more money and giving to other people makes the money you have worth less, so even if the government gave you as much money as before you will now effectively get less from the government.

The "economy is not zero sum" argument comes from other parts. If you work harder and produce more goods than before, then that is not zero sum, since you added goods and therefore didn't reduce the worth of others money. But this is a very different scenario.


I agree quantitive easing is problematic.

Also agree that production isn’t zero-sum. But those with capital can extract value from production through investments, making capital accrual a compounding advantage.


Quantitative easing is an irrelevant bandaid. What's your answer to preventing people from amassing ever greater division of labor coupons that they don't need?


Ah yes the mythical government monery printing fairytale. Have you ever considered that negative yields are normal and that money cannot reprrsent negative yields directly and therefore must let the unit of account change as the bandaid for what is simply a technical problem?

Oh right I also forgot that people have an inherent desire to lie to themselves. They would rather see the value of their money erode without their knowledge than see their money disappear (at a slower rate) but maintain its value.

By the way. A lot of economic activity appears to just monetize what is or was already there. Like hoe real estate keeps getting more expensive.




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