[JoSixChip]

Bubbles are mechanisms of wealth redistribution and destruction

It's not wealth redistribution, it's wealth destruction. It results in bringing everyone down to the poorest level, well except for the elite.

[Empire_of_Liberty]

I believe that economic bubbles are wealth redistribution. Our government has become very skillful at orchestrating them. It prints money into them and the high level of demand caused by a bubble prevents inflation. It directs the money to whomever it wants, even itself. Then the bubble is burst. Poof. The people who had wealth, have no more. But those with the printed money still have it - and there is no inflation.

[caww]