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> Basically, do a good job for the economy overall and then your net worth will increase. The economy's health is not necessarily accurately reflected in asset
by leppr 5y ago
> Basically, do a good job for the economy overall and then your net worth will increase.
The economy's health is not necessarily accurately reflected in asset valuations (which is what index funds track).
When it becomes clear the pie will stop growing for a little while, wealthy politicians have the perverse incentive to enact policies increasing asset prices at the expense of overall productivity (in 2021-2022 this manifested in money supply increase combined with lockdowns to delay inflation until after the transfer of wealth).