Money supply and income inequality in the United States, 1959-2019
DOI:
https://doi.org/10.15584/nsawg.2025.2.4Keywords:
gold standard, money supply, income inequality, Cantillon effectAbstract
In 1971, then powered by the president of the United States, was suspended for exchange for gold. This opened a wide field for central banks to additionally expand the functionality of money. Access to the end of the 70s takes place and a systematic increase in income inequality. The purpose of the article is to apply whether there is a coexistence of money withdrawal and income inequality. The author uses theoretical literature from the range between the studied variables. it will appear that the increase in the withdrawal of the withdrawal can occur through: the Cantillon effect, imperfect credit market and inflation. An empirical analysis was also made in the early United States in the years 1959-2019. A study on the very application of the correlation between money withdrawal and income inequality.
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