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E27: The Great Inflation Debate, Amazon gets spicy on Twitter, rethinking supply chains & more
All-In with Chamath, Jason, Sacks & Friedberg
The Ginni Index Doesn't Account for Transfer Payments
Ginni index doesn't fully account for government transfers. Only two % of the populati live in poverty, once you take into account all these programmes and transfer payments. This is why regan and clinton left office with huge approval numbers,. despite scandals. None of that mattered really in the eyes of the american people, because the economy was so strong. And by the way, it hasn't been this strong in the two thousands. We've never really gotten back to this typeEconomy since a two thousand nine.
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