Use of Alternative Financial Services, Such as Payday Loans, Continues to Increase Despite the “Recovery”

It’s an economic recovery so lopsided, corrupt and fraudulent only an oligarch could love it.

One of the key themes at Liberty Blitzkrieg since inception has been to point out that the current economic recovery is largely a sham. While there are certainly meaningful innovations happening in the less regulated and corrupt parts of the economy, such as the technology sector, much of the landscape is riddled with waste, fraud, cronyism and stagnation. So much so, that I have gone ahead and characterized the entire post crisis economic environment to be the “oligarch recovery.”

Nowhere is this more evident than within the many statistics demonstrating that things for the growing American underclass are getting worse, not better. An article published last week by Citylab makes the point. It notes…

Read the rest here.