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Inequality seems to be mostly inversely proportional to growth. Low interest rates are fertile soil for inequality. If I can just buy Certificates of Deposit a
by ArkyBeagle 12y ago
Inequality seems to be mostly inversely proportional to growth.
Low interest rates are fertile soil for inequality. If I can just buy Certificates of Deposit and live off the interest, instead of having to invest directly, that seems to me to be more egalitarian than less. Low interest rates brighten the line between us ordinary people and professional investors.