2 ms·
More like increases inequality [1][2]. If you're rich, you have access to rock-bottom interest rates which you can then invest. If you're an average citizen, yo
by rawtxapp 5y ago
More like increases inequality [1][2]. If you're rich, you have access to rock-bottom interest rates which you can then invest. If you're an average citizen, you watch all asset values (real estate to start with) soar while your income stays relatively stable.
1: https://www.clasp.org/blog/how-inflation-reinforces-economic-disparities https://www.clasp.org/blog/how-inflation-reinforces-economic...
2: https://www.theatlantic.com/ideas/archive/2019/11/income-inequality-getting-worse/601414/ https://www.theatlantic.com/ideas/archive/2019/11/income-ine...