I was warning years ago, when the Federal Reserve first launched Quantitative Easing, that this was going to happen!
This policy would only benefit assets at the expense of the overall economy. I've been warning about this for years. The government is doing this, not the market.
So, yes, I want the government to do something about wealth inequality by getting out of the way. I want Capitalism to do something about inequality.
Now, of course, there's always going to be inequality - that's part of capitalism.
People are not going to be equal, because peoples' contributions are not equal.
What is not normal right now is the extent of the disparity. That extreme inequality is not a function of Capitalism. If we enjoyed Capitalism, there would be less inequality.
- Source, Peter Schiff
