> Debt fueled by inflationary government money-printing drives wealth inequality between asset owners and salary earners
How does that even work? Inflation tends to decrease wealth inequality as basic salaries keep pace with inflation, and large hordes of wealth and assets slowly get whittled away. According to Piketty, the high inflation during the World Wars drastically increased income equality.
How does that even work? Inflation tends to decrease wealth inequality as basic salaries keep pace with inflation, and large hordes of wealth and assets slowly get whittled away. According to Piketty, the high inflation during the World Wars drastically increased income equality.