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Edward Chancellor – Interest, Capitalism, & The Curse of Easy Money | #437

The Meb Faber Show - Better Investing

CHAPTER

What We Didn't Talk About in the Book

Inequality occurs when the interest rate, r is lower than growth. When you inflate asset prices, and those who have assets, or those who work in financial secto, get all the gains. And then a particularly younger generation can't afford to buy houses. So this sense of capitalism is failing seems to me not due to any inherent problem with a market based economic system but because we have been manipulating it.

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