Happy 100th birthday Federal Reserve

[Kasz216]

hysterianut said:

Kasz216 said:

No... I'm using what your arguement on wealth is.

That's more or less the definition you've given.

Using your example now...

in modern times.   There is far higher pizza to people ration then there has ever been before.

 

People in modern times are getting way more slices of pizza then they had any other point in time.

first there is not that higher pizza to people's ration,i'm talking worldwide not just the USA.US has benefited from the FED in the short term because of easy credit.

 

plus wealth is not higher pizza but higher purcahsing power which translates into hgiher standard of living.

 

No.  Your wrong.  World wide wealth is higher everywhere.

You seem to not understand what wealth means.

If everyone has higher purchasing power... everyone has more wealth.

As everyone can afford and has more stuff.

Stuff = Wealth.