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Originally Posted by alexamenos
He didn't say that it "creates wealth", he said that it "transfers wealth"....there's a big difference between creating wealth and transferring wealth. People hurt themselves when they don't recognize such differences.
[edit: and that's just the first of you two statements....]
Cheers
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ohhkay, you want to dwell on the semantics of "create" v "transfer"?
when a person wants to not focus on the issue they focus on the minutiae...
to claim that our monetary system "insidiously" transfers wealth to the "priviledged rich" at the expense of the rest of our society is foolish.
are you happier now?