> Inequality increases the pool of wealth with which "haves" may bid up the prices of commodities, real property, and services. And they do, effectively increasing demand. Transitively, inequality drives inflation, i.e., local conditions.
Impossible if there's competition between producers and it's at world scale.
> What if some people are just bad at doing things for themselves?
Tyrannies begin with those kind of ideas.
And inflation is a General increase in prices, not the increase of a specific good.
Impossible if there's competition between producers and it's at world scale.
> What if some people are just bad at doing things for themselves?
Tyrannies begin with those kind of ideas.
And inflation is a General increase in prices, not the increase of a specific good.