Re:The Rate of Return on Everything, 1870–2015 [pdf]
by dnautics on Monday May 06, 2019 @03:31AM
(#19837490)
r > g should be an obvious corollary of an economy based on growth that is stimulated by inflationary policy. Is it a necessary consequence of capitalism in all policy universes? More study would be required, but there are very little data on economies without government driven inflationary policy, going back to the Ronan days when the mint gradually devalued the denarius.
[ Parent
| on HN ]
There are no comments on this comment yet.