Honore de Balzac observed seemingly in acidic fashion that “Behind every great fortune there is a crime.” Eventually FDR latched onto Balzac’s nonsensical notion, and now it seems to be gaining currency among neo-Austrians.
Austrian School economist Peter St. Onge is disappointly one of those. In a Twitter post, St. Onge asserted that “Federal spending, open borders, and Jerome's money printers have built a two-speed economy -- luxury at the top, misery at the bottom.” Yes, the rich getting rich on the misery of others. Where have we heard that before?
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