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Every blog post that took off on Hacker News, ranked by the votes of its best submission. 8,981 posts.

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3639

Does QE Cause Wealth Inequality?

Originally published: November 2021 One of the most polarizing topics today is wealth inequality. I think a better description is to refer to it as wealth concentration. Nobody should expect wealth to be equal in a society, but when wealth becomes extremely concentrated (way more unequal than usual), it’s often a sign…

3641

Banks, QE, and Money-Printing

Published November 2020 Lately, it has become fashionable to debate what is, or is not, “money-printing” by central banks. This debate is natural, due to the extreme policy nature of 2020, with massive fiscal expenditures, huge increases in central bank balance sheets, and changes in central bank inflation targets…

3654

The Other Money Problem

I admit to feeling a twinge of excitement last summer when I read that Paul Graham was leaving his jillion-dollar job to write more essays. It felt like the thinking man’s equivalent of LeBron James returning home to the Cleveland Cavaliers to play ball. I don’t know; it’s just a good human story when people decide to…