Comment Comment by dileeparanawake Why does wealth inequality drive price inflation? Good question and not obvious. Here's the answer?How much does a bottle of water cost?- Supermarket? - Festival? - In a drought, when you're standing in line behind a thirsty billionaire?People with a large relative net worths, drive asset prices up, like bids in an auction - even if they aren't the final bidder. parent dileeparanawake 1 year ago
How much does a bottle of water cost?
- Supermarket? - Festival? - In a drought, when you're standing in line behind a thirsty billionaire?
People with a large relative net worths, drive asset prices up, like bids in an auction - even if they aren't the final bidder.