3 ms·
My arithmetic is based only on the definition of hoarding (holding wealth without investing it) and Thomas Picketty's claim - which you just agreed with - that
by yummyfajitas 10y ago
My arithmetic is based only on the definition of hoarding (holding wealth without investing it) and Thomas Picketty's claim - which you just agreed with - that R > r.
Why don't you do your own arithmetic to demonstrate my error?
- dllthomas 10y agoWhile I am skeptical that it's the case, you seem to have missed the assertion that r < 0. In that case, the "shrinking" of the wealth gap by 1/(1+r) would be more accurately termed a growing by 1/(1-r).