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> The rich get richer in this scenario because low interest rates increase the buying power for everyone, which means they can buy more expensive houses or pay
by ASalazarMX 6y ago
> The rich get richer in this scenario because low interest rates increase the buying power for everyone, which means they can buy more expensive houses or pay less for the mortgage on the house they already own, which in turn means they can buy more things from Amazon, which means Amazon does more business, which means the stock price goes up, and so on.
Oh, so everyone is getting richer! Whew, Thanks, I was worried for a second.