4 ms·
Note that the only times in the last few decades (and possibly throughout modern history) that wealth inequality decreased were during economic recessions [0].
by lend000 5y ago
Note that the only times in the last few decades (and possibly throughout modern history) that wealth inequality decreased were during economic recessions [0]. Sometimes, you just need to let the market reallocate capital. Short term versus long term thinking. Governments should be primarily in the business of long term thinking, because they are the only organizations positioned to do so.
[0] https://fred.stlouisfed.org/series/WFRBST01134 https://fred.stlouisfed.org/series/WFRBST01134