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Fiat Money Production and the Distribution of Incomes and Wealth Prof. Dr. Hülsmann Université d’Angers Leontief Readings, 14 February 2014.

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Presentation on theme: "Fiat Money Production and the Distribution of Incomes and Wealth Prof. Dr. Hülsmann Université d’Angers Leontief Readings, 14 February 2014."— Presentation transcript:

1 Fiat Money Production and the Distribution of Incomes and Wealth Prof. Dr. Hülsmann Université d’Angers Leontief Readings, 14 February 2014

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4 30-Year Fixed Rate Mortgage Average in the United States Source: Freddie Mac; Federal Reserve Bank of St. Louis, times series MORTGAGE30US

5 Income Gini Ratio of Families by Race of Householder, All Races Sources: Census Bureau; Federal Reserve Bank of St. Louis, times series GINIALLRF

6 1969198919982010 Mean 56.764.269.467.5 Median 49.850.852.049.4 Ratio 1.141.261.331.37 Mean and Median Income of US Households, 1969-2010 Source: Wolff (2012, p. 56); own computations; mean and median figures in thousands, 2010 dollars

7 19691989199820072010 Mean 232.5325.8361.5563.8463.8 Median 63.678.281.2107.857.0 Ratio 3.654.174.455.238.14 Mean and Median Net Worth of US Households, 1969-2010 Source: Wolff (2012, p. 56); own computations; mean and median figures in thousands, 2010 dollars

8 19691989199820072010 Mean Net Worth 232.5325.8361.5563.8463.8 Mean Income 56.764.269.471.167.5 Ratio 4.105.075.217.936.87 Mean Net Worth and Mean Income of US Households, 1969-2010 Source: Wolff (2012, p. 56); own computations; mean and median figures in thousands, 2010 dollars

9 Fiat Money Production and the Distribution of Incomes and Wealth Prof. Dr. Hülsmann Université d’Angers Leontief Readings, 14 February 2014

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