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Quality food is cheap? Have you ever lived in a big city? If you come to Europe, you'll see that building a nice house wasn't reserved to the rich. And anyway
by MustrumRidcully 10y ago
Quality food is cheap? Have you ever lived in a big city?
If you come to Europe, you'll see that building a nice house wasn't reserved to the rich. And anyway, if we believe GDP figures, a rich man 200 years ago had the purchasing power of a middle-class american living in a McMansion.
Capital can depreciate, of course. It did, and wealth went from the rustbelt to the techies and financiers who own the algorithms.