, 4 tweets, 2 min read Read on Twitter
Economist Joseph Stiglitz's call for "progressive capitalism" to "save our broken economic system from itself" is an absolute, disingenuous joke:

Why is Joseph Stiglitz's call for "progressive capitalism" a joke? Because there is ZERO mention of the actual drivers of our inequality and other ills of our system.

Capitalism is not broken. The problem is that we haven't had sound money since 1971:
Our lack of sound money + the actions of the Fed have inflated a massive bubble in household wealth that has benefited the rich over the poor.

That is the explanation for our inequality, folks. See my take:

forbes.com/sites/jessecol…
If anyone harps on "our broken capitalist system" but doesn't even mention the role of fiat currency, they need to be put in their place and told "you are a liar!":

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