Jun
24
2018
Herman Daly

How the corporate banking system transfers wealth from the poor to the wealthy, without anyone noticing

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Posted Jun 24 2018 by Herman Daly of CASSE
Herman Daly's Steady State Economics: challenging the corporate banking system

Herman Daly has been one of my heroes since I read Steady State Economics as a young man. I’m re-posting a blog article of his, originally posted on the website of the Center for the Advancement of the Steady State Economy (CASSE) in the US, because it’s a simple description of how it concentrates wealth in very few hands by sucking it from the rest of us via hidden inflation. Read more …

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