Money printing & landed gentry (E1417)
In this episode of the Keiser Report, Max and Stacy discuss how the Cantillon Effect has doubled the wealth of the landed gentry in the United Kingdom since the financial crisis, while the debt serfs have suffered austerity and worse. They debate the merits of free money for one group of non-productive members of the economy (landed gentry) who already have more money than they can spend in a lifetime versus another group of non-productive members (those unable to work) who, by necessity, spend every penny they receive. In the second half, Max talks to financial activist, Joel Benjamin, about the ballooning costs of HS2, yet another Private Finance Initiative (PFI) turned boondoggle. They discuss what Prime Minister Boris Johnson might do with these PFI deals and what the future is for austerity policies and Brexit.
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