3min chapter

The "What is Money?" Show cover image

An Examination of Central Banking with Joseph Wang (WiM234)

The "What is Money?" Show

CHAPTER

The Disparity Between Rich and Poor

The disparity between rich and poor has widened over the past 50 years, he says. This is because of a number of factors, including technology's rise in value as well as winner-take-all industries like Google that have taken off. But inflation doesn't actually hurt people who have assets more than those who don't; it just means their wealth disappears with time.

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