Kenneth Gerbino Quote

"It is the paper money created out of thin air that creates the unfair distribution of wealth that is making the middle class fall more behind and the poor more poor. Newly created money and credit in a paper money system benefits those that can access the money first and buy capital goods and real property at one price before the new money circulates and makes all prices go up. Wages also do not keep up with inflation and that creates another squeeze on the middle class."

By:	Kenneth Gerbino (more quotes by Kenneth Gerbino or books by/about Kenneth Gerbino)
	former chairman of the American Economic Council
Source:	The Great Deceit, May 28, 2010
Categories:	Economics, Money, Property, Inflation, Wealth
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