Federal Reserve

People who don't understand government wonder why it does certain things. For example, people wonder why the Fed prints money since inflation is bad. They do it because it makes the rich richer.

"...money printing may be bad for the economy and the little guys, but it can be good for the rich guys. They're the ones who own stocks! From Bloomberg:

The world's 200 richest people added $44.6 billion to their collective net worth this week as the Dow Jones industrial average reached 15,000 for the first time.
Alisher Usmanov, 59, whose fortune rose $61.2 million during the week, according to the Bloomberg Billionaires Index, said in an interview at Bloomberg's Moscow offices that he recently spent about $100 million buying Apple Inc. shares in anticipation they will rise.

Cynical investors know it's a game. But a lot of people believe the claptrap. They think that the Fed – through some magic never fully explained or demonstrated – helps make people better off."

Every government policy is the same. Once you realize that the function of government is to enrich the richest, the politicians and the bureaucrats at the expense of everybody else, suddenly every action government takes changes from being stupid and inefficient to being ruthlessly effective.