3 ms·
Norway is far richer than US on a per-capita basis. Also, US mean wealth is a lot higher than its median wealth (which is what really counts). Any dirt-poor cou
by jongjong 3y ago
Norway is far richer than US on a per-capita basis. Also, US mean wealth is a lot higher than its median wealth (which is what really counts). Any dirt-poor country could print money to give a few trillion dollars of nominal wealth to a single dictator and achieve a high mean wealth but everyone else in the country would be dirt poor.
- avgcorrection 3y agoIncome and wealth inequality also drives crime, indeed.
- Retric 3y agoPrinting money doesn’t create net wealth even if it seems like it should you just get inflation. Dictators are wealthy because even taking a few dollars per month from millions of people adds up fast.