5min chapter

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#53: Edward Chancellor On What History Can Teach Us About The True Cost Of Easy Money

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Mother of All Speculative Bubbles

Income and wealth inequality increases when rate of return is higher than growth. And you can see this in the data of us. Household wealth, produced by the federal reserve. You allso get a growth in the financial sector. The fire sector actually grew to larger an level than, i think, than ever before. It contributed both more to a g d p grothe and a greater share of profitability. That after the financial crisis, when you'd have thought that banking would be flat on its back, it wasn't.

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