"Politicians and central banks create injustice and paves the way for new crashes"
"This is a kulturartikel which is a part of Aftonbladet's opinionsjournalistik."
"”As a market participant, I love stuff like this! This is amazing! It is fantastic for every rich person. This is the largest välståndsöverföringen from the middle class and the poor to the rich ever. Who owns the assets? It rich! Miljardärerna! Do you think Warren Buffet hates this? Do you think I hate this? I had a very good day yesterday.”"
"Hedgefondmanagern Stanley Druckenmiller was in a good mood in the american television program Squawk box on 19 september 2013. No wonder. The us central bank Fed had just extended its program for so-called quantitative easing. It is a technical term for the central bank to buy assets including shares and housing, which directly benefits those who own shares and housing, which is disproportionately large part of the very richest."
"This policy has subsequently been copied in Europe, while they worsened in the united states. Then, in 2014, both the ECB and the Swedish Riksbank expanded and extended the quantitative reduction."
"Central banks' stimulus measures after the financial crisis of 2007-2008 has pumped up the financial sector, and these actors of the luxury consumption. A study from 2014 by Credit Suisse shows that income inequality increased in 12 of the 46 major countries before 2007, but in the 35 after 2007. The number of billionaires in us dollar terms increased between 2009 and 2014, from 1 011 to 1 826 in 46 countries, and of Italy's 28 new billionaires in us dollar terms since 2010, half from the fashion and lyxindustrin, Alberto and Marina Prada, for example, have become billionaires, as well as the owners of Dolce & Gabbana and Bulgari. It has never been so easy to be a billionaire."
"So small to begin economic research also wake up before the realization that the current model does not have created the konjunkturstabilitet as requested. On the contrary, was dismissed early warnings for both the it crash and the financial crisis of the modelltroende that inflation has been low. It was the one, but it did not stop the crises."
"In the Economic Debate (no 4u002F2017) opens with writers such as Lars Jonung and Fredrik N G Andersson for the negative interest rates and stimulus measures set to stabilise the economy after the crisis, rather, endangering the financial system and can cause the next crash. It would in this case follow in an economic recovery since the financial crisis, which in terms of growth has been the worst in the postwar period."
"A central policy area has thus, in just a few years reallocating huge amounts of resources to the wealthiest through a decision that also jeopardizes the economic stability."
"This is getting attention in the international debate. Philippa Malmgrens precursor Signals from 2015, warns of geopolitical conflicts originating in an international monetary policy competition between countries to create credit and thus avoid payment of debts. This track is followed up in Stephen D king's Grave new world (2017), a horror story about pressure on our democracies who, unfortunately, belong to the fackboksgenren. Ruchir Sharma The rise and fall of nations (in 2016) has also drawn attention to the growing disparities, as well as studies that demonstrate that the falling prices that today's extreme monetary stimulus, trying to counter does not need to be particularly dangerous."
"The wider public debate follows, however, more predictable footsteps. Vänsterförfattare as Danny Dorling, pay attention to in The equality effect " from last year eloquently of the growing economic disparity and its social consequences and imposes redistributive taxes."
"At this answer högersinnade that the differences that have arisen does not need to be an explanation for negative social and livelihood, and that differences can be tolerated if they occur in free competition, and serves as a useful incentive. Respectable positions, but in both cases, a siding on the redistribution that takes place is the result of government monetary policy with fiscal stimulus and guarantees, on the contrary, distorts the incentives. In this case, this policy should be changed by the account of both equality and economic dynamism."
"It requires, of course, that the respective political camps step out of the familiar trenches and seeking new positions in today's difficult to navigate terrain. And they dodge the firing on the battlefield from the intense pseudodiskussion has come to be about to blame the diffuse and the perceived difficulties of immigrants and other vulnerable groups."
"nor are there any obvious authority figures to turn to. Monetary policy ongoing policymisstag derived from one of of the 1990s, the crown within economics as well as political science: the independence of the regulatory body. Such was considered, as it is formulated in the latest Swedish the democracy commission considers: ”better suited for complex, pluralistic societies, than the mechanisms that concentrate power in the hands of the political majority” (SOU 1998:124). More power to the independent experts would ensure wise decisions. Anything less will now speak on the thesis."
"Herein is an important lesson. Now, we lived in it, which for many still represent the perfection: the pragmatic political leaders, high level of popular trust in state institutions and important policy areas delegated to the experts. The policymisstag that in the 2000s, led the western democracies into war, debt and instability was committed under such conditions."
"Distrust of expertise, mittenpolitiker and against democracy itself is in the light both understandable and in some sense rational, despite the fact that it can take the false and dangerous expression. "
"the Temporary victories can be won by devoting disproportionate attention to the threat from the authoritarian and xenophobic tendencies, but it is likely the ability to a genuine review that is the real test for the friends to liberal democracy."