The increase in inequality since the early 1980s is consistent with Austrian economics

This article showed evidence that the constant rise in inequality since early 1980s, especially in the US, confirms the prediction of the Austrian economics. The growth in financial activities, fueled by monetary expansion, increases income inequality by triggering the Cantillon effect, and the resulting pattern of rise and fall in top incomes as well as the change of relative wages over time is fully consistent with the Austrian theory.