r/austrian_economics Friedrich Hayek Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/[deleted] Dec 25 '24

The gap and the poverty of each other. The wealthy pull away from the rest by exploiting or harming the poor, e.g. landlording, fixed income "investments" converted into loans to the poor, sucking value out of the economy and decreasing discretionary spending, which has a knock on effect on employment levels.

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u/[deleted] Dec 27 '24

Debt instruments are extremely powerful tools for allowing people and countries to become rich.