Printing money alters the fundamental idea of capitalism
Øyvind Thomassen: The extremely expansive monetary policy causes that income is mainly determined by how much you already have. The risk is that the support of the market economy disintegrates.
The doubling of the housing prices does not bring about any increase in prosperity. Those who initially owned a house get richer, and those who did not become poorer, Øyvind Thomassen writes.
His feature article Pengetrykking rokker ved kapitalismens grunntanke (in Norwegian) was published in Dagens Næringsliv on 8 November, 2021.