What Byrne Hobart Thinks About Everything — Part Two
Village Global Podcast
00:00
Is It Sustainable?
In many cases returns on assets are greater than growth so over time the rich end up owning all the assets but if the rich are earning interest on their assets and they're not consuming all of that then we end up with less consumption inequality. "We implicitly entrust more and more of our collective wealth to the people who get the highest return on it"
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