AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Role of Central Banks in Inequality
There's this theory in economics called the wealth effect which is that if you know someone owns stocks and their assets goes up they will spend more money because they feel richer. quantitative easing can tend to exacerbate wealth inequality, so yeah what rules do central banks play in here? "This is all part of the sort of the debt thing in the debt trap that I was talking about before"